US junk bonds hit by sharpest sell-off in over a year

High-yield market suffers worst month since September 2020 as traders re-evaluate companies’ ability to repay debt

The additional yield above ultra low-risk government bonds, or “spread”, for the high-yield index rose from 3.03 percentage points earlier this month — just marginally above its historic low — to 3.67 percentage points

FT 1 december 2021

https://www.ft.com/content/12e80c41-6d00-43b6-bd52-31e062062f9b

The high-yield bond market, often also called junk bonds

https://englundmacro.blogspot.com/2021/11/the-high-yield-bond-market-often-also.html