Junk-Bond Market Has Closed the Door

Yields Upward of 20% Make It Too Pricey for Borrowers; Zero Deals Made It in November

Financial Armageddon: "About 50% of U.S. companies have below-investment-grade credit ratings, making the $750 billion junk-bond market a vital source of financing for car makers, airlines, retailers, utilities, restaurant chains and media companies
>The next chart is making things even scarier........ Within the 'junk' label the remaining 'quality' has deterioting fast and furious especially over the past few years.........."

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