Credit “Death Spiral” Accelerates As Loan ETF Sees Record Outflow, Primary Market Freezes

“One week after even the IMF joined the chorus of warnings sounding the alarm over the unconstrained, unregulated growth of leveraged loans, and which as of November included the Fed, BIS, JPMorgan, Guggenheim, Jeff Gundlach, Howard Marks and countless others, we reported that investors had finally also joined the bandwagon and are now fleeing an ETF tracking an index of low-grade debt as credit spreads blow out and cracks appeared across virtually all credit products.”

https://www.zerohedge.com/news/2018-12-07/credit-death-spiral-accelerates-loan-etf-sees-record-outflow-primary-market-freezes