THE WALL STREET JOURNAL reports:
If the U.S. economy is headed for trouble, no one told the junk-bond market.
The premium that investors demand to hold debt from sub-investment-grade companies instead of relatively safe Treasurys has shrunk to near pandemic-era lows, a sign of dwindling worries about an economic slowdown that would cause a big jump in defaults and bankruptcies.
Low-rated debt has been swept up in a broad market rally fueled by …
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