{"id":222,"date":"2010-05-21T14:05:25","date_gmt":"2010-05-21T14:05:25","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=222"},"modified":"2010-05-21T14:11:38","modified_gmt":"2010-05-21T14:11:38","slug":"more-bearish-signs-from-the-bond-markets","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2010\/05\/21\/more-bearish-signs-from-the-bond-markets\/","title":{"rendered":"More bearish signs from the bond markets"},"content":{"rendered":"<p>In our April 28th Global Technicals, we had highlighted the potential for a double top in high yield corporate bonds. In yesterday's price action, the double top potential was realised as the ETF plunged through its previous trough low.<\/p>\n<div id=\"attachment_223\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Junkbond21May10.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-223\" class=\"size-medium wp-image-223\" title=\"Junk Bonds\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Junkbond21May10-300x135.jpg\" alt=\"\" width=\"300\" height=\"135\" srcset=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Junkbond21May10-300x135.jpg 300w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Junkbond21May10-1024x462.jpg 1024w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Junkbond21May10.jpg 1354w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-223\" class=\"wp-caption-text\">High yield corporate Bond fund (HYG) - Data and Chart from Bloomberg <\/p><\/div>\n<p>This breakout signals that a collapse in the junk bonds is in the horizon. In other words the problems are mounting for the neediest borrowers and they are going to find it extremely hard to find willing lenders. While this clearly means risk aversion, there are other questions that are popping up. Could this mean there could be an increase in commercial delinquency? Or A double dip recession? Well, one has to wait and watch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our April 28th Global Technicals, we had highlighted the potential for a double top in high yield corporate bonds. In yesterday&#8217;s price action, the double top potential was realised as the ETF plunged through its previous trough low. This breakout signals that a collapse in the junk bonds is in the horizon. In other <a href='https:\/\/www.cashthechaos.com\/blog\/2010\/05\/21\/more-bearish-signs-from-the-bond-markets\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-222","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-1-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=222"}],"version-history":[{"count":6,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/222\/revisions"}],"predecessor-version":[{"id":228,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/222\/revisions\/228"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}