🚨 U.S. CORPORATE BANKRUPTCIES ARE ABOUT TO SURGE. Yields on America's riskiest corporate bonds have jumped to 18.17%, up from just 12.03% a year ago. These are CCC-rated bonds, issued by companies already at high risk of default. And the situation could get much worse. • The yield gap over U.S. Treasuries has widened to 13.4%, its highest since July 2020. • Companies that borrowed at low rates now face much higher costs when refinancing their debt. • Investors are demanding nearly 18% yields to hold these risky bonds. If companies cannot refinance their debt, bankruptcies, layoffs, and financial losses could increase sharply.