High-Yield Issuance Concentrated: JPMorgan's Herr

Kay Herr, CIO of US GFICC at JPMorgan Asset Management, joins Scarlet Fu on "Bloomberg Real Yield." Fears of a stagflation shock from the Middle East conflict are increasingly souring investor sentiment toward the weakest global corporate borrowers, many of which binged on cheap debt during the era of ultra-low interest rates.