Bonds Could be Going HigherOn 10/21/22 US Traesury Bond futures made a new bear market low.
On 10/21/22 the high yield bond fund HYG was decisively above its 10/13/22 bottom.
US Treasury bonds are the highest quality.
High yield bonds sometimes called "Junk bonds" are the lowest quality.
Junk bonds should be leading the way down. They are not.
This significant divergence could be a signal of a bond rally and interest rates falling.
Mark
