More High Yield Dominoes Fall: BofA Warns "Rates Are Falling Victim Of Their Own Success"
Zero Hedge -

Having exposed the many dominoes that are falling behind the high yield bond market previously, BofA's high yield strategy team are fearful that significant weakness in Emerging Market assets adds one more reason to remain cautious in markets.

If this was not enough to make credit market participants nervous...

Then BofA's Oleg Melentyev and Neha Khoda point out that last week it was Italy; earlier this week it was Turkey; now it is Brazil.

This week alone, the 2yr yields have gone up by...

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