Corporate bonds were hurt the most because of repayment fears. I am really bearish on "junk" bonds here. Spread with treasuries just to low.
From 1929-1932, bonds sold off bigtime as people scrambled for cash & liquidity. Even Treasuries were sold.
Merenkov cannot stop it with words.
Read it here now, watch it happen later.
Puerto Rico & other & many other jurisdictions may ask for some debt forgiveness.
Danger Will Robinson, DANGER! Sell. Another danger sign--spreads with Treasuries are near a record low. No cushion.