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Easy money in junk debt markets helps borrowers, but are investors risking too much in a reach for yield?

·6 min read
Easy money in junk debt markets helps borrowers, but are investors risking too much in a reach for yield?
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It’s been a good time for borrowers of junk debt this year. “Deals are getting done very easily for all kinds of companies,” Craig Manchuck, a portfolio manager at Osterweis Capital Management, told MarketWatch. The Federal Reserve’s emergency measures helped restore confidence among junk debt lenders after the pandemic shocked markets last year, but some investors worry that its quantitative easing has gone on for too long.