Hedge Funds Are The ‘Most Short’ Junk Debt Since Lehman

https://www.nationandstate.com/2021/05/08/hedge-funds-are-the-most-short-junk-debt-since-lehman/

A month ago we warned that The Fed’s incessant intervention had put distressed investors out of business as the remarkable rally in even the lowest quality junk debt (‘CCC or triple hooks’) had created party time for zombie companies everywhere as “high yield” is now […]