Junk bonds ‘flashing yellow’ as yields jump and riskier spreads widen, CNBC reports

High-yield bond yields have climbed and credit spreads have widened to springtime levels, prompting caution from market strategists, according to CNBC.

• High-yield bond yields rose to 8.1% from 7.22% a month ago.
• Overall high-yield spreads widened to 315 bps, last seen in April.
• CCC-and-below spreads jumped to roughly 1,250 bps over the past year.
• BB bonds now exceed 60% of the market, CNBC reported.