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Hedge Funds Are The 'Most Short' Junk Debt Since Lehman


by Tyler Durden
Saturday, May 08, 2021 - 05:39 PM
A month ago we warned that The Fed s incessant intervention had put distressed investors out of business as the remarkable rally in even the lowest quality junk debt ( CCC or triple hooks ) had created
party time for zombie companies everywhere as high yield is now officially low yield.
And, while the party can and will go on as long as there are greater fools, one look at the
fundamentals.
. confirms that the party will only last as long as central banks keep injecting hundreds of billions into the market each and every month. ....

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