- There's $791B of high-yield debt coming due in the next five years, according to Moody's, raising at least some concern as most expect interest rates to be anywhere from slightly to significantly higher.
- The projections are the highest since 2010, when Moody's said companies faced $1.2T in debt coming due. Things worked out all right for that wave as borrowers were able to refinance, usually at far lower interest rates. This time around, the Fed and ZIRP may not be around to help.
- ETFs: HYG, JNK, BKLN, HYLD, SJB, SRLN, SNLN, ANGL, HYLS, FTSL, UJB, XOVR, QLTC