Ample liquidity and investors' appetite for yield have kept the high-yield debt markets aloft in recent years; investor Wilbur Ross sees changes ahead in the form of higher default rates on junk bonds.
In an interview segment with Bloomberg TV, Mr. Ross gives his outlook and tells us why default rates will accelerate from their recent lows. Something you might want to look at and consider if you have any exposure to high-yield bonds through fund holdings, or investments in at-risk industries.
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