VALLEJO, CALIFORNIA – APRIL 15: In this aerial view from a drone, rides sit idle at Six Flags Discovery Kingdom on April 15, 2020 in Vallejo, California. Amusement parks in California have been temporarily closed as state residents are under a protective order to slow the spread of the COVID-19 virus. (Photo by Justin Sullivan/Getty Images) Justin Sullivan/Getty Images Hide caption
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Justin Sullivan/Getty Images
VALLEJO, CALIFORNIA – APRIL 15: In this aerial view from a drone, rides sit idle at Six Flags Discovery Kingdom on April 15, 2020 in Vallejo, California. Amusement parks in California have been temporarily closed as state residents are under a protective order to slow the spread of the COVID-19 virus. (Photo by Justin Sullivan/Getty Images)
Justin Sullivan/Getty Images
Welcome to the financial markets theme park! That 250 foot drop ride over there is the stock market. The one with all the twists and turns and loop-the-loops? These are junk bonds. And that little train that runs through the park? This is the US bond market. Well, until recently.
This slow-moving train has become a rickety rollercoaster ride for investors. We’re going to the amusement park to explain.
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