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Front Running the Fed: Junk-Bond Buyers Score Easy Profits

https://www.google.com/amp/s/www.bloombergquint.com/amp/markets/front-running-the-fed-junk-bond-buyers-score-fat-easy-profits

Front Running the Fed: Junk-Bond Buyers Score Easy Profits


They are among the companies most devastated by the pandemic, like casino operator Golden Nugget Inc. and Royal Caribbean Cruises Ltd.

Yet in a stark sign of how the Federal Reserve has swept away normal standards of risk, investors are pouring billions into funds that buy up the debt of such companies -– all rated junk and, in many cases, distressed.






We added little JNK last wk also...watching and waiting

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