NEW YORK ( TheStreet) -- Declining junk bond prices indicate that investor sentiment may be rolling over to the downside.The chart below of iShares iBoxx $ High Yield Corporate Bond (HYG) shows that junk bonds reached yearly highs in late October and have since begun to fall lower, which is significant because equities and high yielding credit tend to be correlated.
Global Macro: Junk Bonds Move Lower
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