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“The price action has been eye-watering in a lot of situations,” said Ivelina Green, founder of Pearlstone Alternative. “Into year-end, primary markets are effectively shut. And there isn’t a lot of liquidity on the way down, so that is exacerbating the panic.“ www.bloomberg.com/news/article...

bloomberg.com‘Total Meltdown’ in Riskiest Debt Unnerves Market: Credit WeeklyIt was a panicked message from a colleague that woke fund manager Ivelina Green at 5 a.m. on Thursday morning in New York: “Total meltdown.”

24/10/26, 4:54 pm6 reposts26 likes

wavedeva

@wavedeva.bsky.social

"The average risk premium for US high-yield debt has climbed to a 17-month high & primary markets have seen 2026's biggest spate of pulled deals.Yields on CCC junk borrowers have surged to their highest since the pandemic,as the spread they command over Treasuries has ballooned to a four-year high."

bill-emerson.bsky.social

@bill-emerson.bsky.social

So it begins