High-Yield Credit's Worst Week In 15 Months Sends Stocks Sliding
September 26, 2014 at 16:43 PM EDT
This week's 35bps rise in high-yield credit spreads (~10%) is the worst since at least June of last year. Anxiety spread through other asset-classes as cheap-buyback-funding and liquidity concerns weighed on all equities - most aggressively small caps.