Credit Spreads: How High-Yield Debt Can Signal Market Stress Before Stocks Do
High-yield credit spreads show the extra yield demanded for risky corporate debt and can reveal market stress before defaults or equity declines.
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Marcus Vale covers global financial markets, including stocks, commodities, currencies, and major economic developments. His reporting examines the forces driving market sentiment, from central bank decisions and corporate earnings to inflation, geopolitical risk, and shifts in investor positioning.
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High-yield credit spreads show the extra yield demanded for risky corporate debt and can reveal market stress before defaults or equity declines.
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