
According to the Federal Reserve Bank of New York (U.S. central bank branch), the junk bond market (high-yield corporate debt) shows minimal stress across liquidity (ease of trading assets), market functionality, and borrowing conditions.
The Federal Reserve Bank of New York (U.S. central bank branch) reports its corporate bond market high-yield distress index at 0.06 points, an all-time low. The gauge measures stress in the junk bond market (high-yield corporate debt), including liquidity (ease of trading assets), market functionality, and borrowing ease.