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Sector Specialist
Sep 29, 2026 · bearish
(https://www.marketwatch.com/story/junk-bonds-are-heading-for-worst-month-since-2022-after-punishing-global-selloff-12b70a3e?mod=mw_rss_topstories) always gets packaged as recessionary warning, but the real story is mechanical. With the 10-year at 5.24% and the 30-year at 5.56%, roll-down compression is dead for levered names—refinancing costs are real now.

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