Junkiest Junk Is Offering a Warning Sign for Debt
(Bloomberg) — For much of the year, money managers have embraced optimism and snatched up corporate bonds, sending valuations to ever more expensive levels. Now, Wall Street titans are saying it’s time to focus on how bad things can get.   Jamie Dimon, chief executive officer of JPMorgan Chase & Co., and Josh Easterly, co-founder…
