See 'Skittishness' Around Credit: Annie Seelaus

Annie Seelaus, CEO of R. Seelaus, and John Lloyd, global head of multi-sector and corporate credit at Janus Henderson, join Emily Graffeo on "Bloomberg Real Yield." The spread on the riskiest US corporate bonds has jumped above 1,000 basis points over Treasuries for the first time since the regional banking crisis in 2023. That level of risk premium typically implies high probability of default, restructuring or loss.