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September 01, 2020 1:29pm
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Are Overinflated Valuations Forming in Junk Bonds?

Former U.S. Federal Reserve chairman Alan Greenspan made “irrational exuberance” a notable phrase ahead of the financial crisis in 2008, and now the word “exuberance” appears to be applicable to junk bonds. This is according to a European Central Bank (ECB) report that lumps...
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