WTI Crashes To $27 Handle As US Energy Credit Risk Spikes Above 1500bps To Record Highs

BTFD?

 

Because nothing says stability like record high credit risk…

 

And the effective yield on US HY Energy credits has broken above 20% – 400bps above 2008 crisis highs…

via Zero Hedge http://ift.tt/1Q5E7G4 Tyler Durden