[safog]

Corporate bond yields spiked due to business risks posed by Covid19. B rated bonds went from ~5% to >10.65%

https://ycharts.com/indicators/us_high_yield_b_effective_yie...

[knes]

a preferred Payment In Kind (PIK) is not the same as a high yield bond.

PIK is closer to equity so a 10% interest is pretty high