Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes 
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FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
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Asian Currencies Steady as Markets Await U.S. Jobs Data 
Higher leverage was one of the influential factors in the great recession of 2008/09. This chart from Bank of America Merrill Lynch shows that not much has changed. While some would like to blame the commodities decline to be behind the woes in the High-yield debt market, this chart clearly shows that even excluding the commodities, the leverage (net debt/EBITDA) is at all-time high.
