THERE was much talk at Davos, the global elite’s annual get-together in Switzerland, of wealth inequality: the gap between the haves and the have-nots. The corporate-bond market is currently displaying a similar divide—between the have-yields and the yield-nots.
This article appeared in the Finance & economics section of the print edition under the headline "The crazy world of credit"
Discover stories from this section and more in the list of contents
Explore the edition
“Black grain” infuriates exporters playing by the rules
Will withdrawing money hurt Israel?
The country’s retail investors are doing less well