In my previous article on corporate debt, I wrote about the risks of cov-lite loans and securitization boom of non-financial corporate loans (CLO's) within investment grade space. On a high level, central bank monetary policy is the ultimate culprit for bubbling corporate debt across developed markets. Even worse, rates on high yield corporate debt turned negative across Europe. WSJ points out that a "0.4 percentage-point reduction in average spreads-or the extra yield that junk bonds pay over safe government debt-then about 10% of the market would be at negative yields". It seems like central