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The high-yield refinancing costs may experience a big pump, and the pressure in the credit bond market could affect the stock market.
[Coin World] Guy Stear, Head of Developed Markets Strategy at Amundi Investment Institute, expects that as early as October, rising costs related to tariffs and cash flow issues will drive a significant rise in high-yield refinancing costs and default rates, thereby raising concerns about employment, investment, and growth. When the credit bond market eventually comes under pressure, the stock market will also be under pressure.