An increase in interest rates ~2% could trigger a large number of junk corporate bond defaults, according to the latest McKinsey analysis The trigger for inter

An increase in interest rates ~2% could trigger a large number of junk corporate bond defaults, according to the latest McKinsey analysis The trigger for interest rates rising by that much in a short period of time is not apparent and/or explored in the article, and frankly I don't see one, but that would be the real worry, and would probably have a large, negative effect on junk government bonds as well https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/rising-corporate-debt-peril-or-promise https://www.mckinsey.com/business-functions/strategy-and-cor...