What started as a tweet from activist investor Carl Icahn, opining on the high-yields market on Friday, culminated as a phone call to CNBC’s “Fast Money: Halftime Report.”
The tweet, which warned of an impending “meltdown” in the high-yields market, came as Third Avenue Focused Credit announced a freeze on investor withdrawals while it liquidate its high-yield bonds.
Icahn, who has previously spoken about the risks of junk bonds, likened this market to “a keg of dynamite that sooner or later will blow up” during a phone interview with CNBC.
