Junk-Rated Bonds Just Aren’t Behaving Like They Used To
In a year marked by volatility, a huge selloff in stocks and the fastest pace of interest-rate hikes by the Federal Reserve in decades, one thing stands out. Credit markets as measured by corporate defaults have remained stubbornly and surprisingly robust.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Junk-Rated Bonds Just Aren’t Behaving Like They Used To

### Response: In a year marked by volatility, a huge selloff in stocks and the fastest pace of interest-rate hikes by the Federal Reserve in decades, one thing stands out. Credit markets as measured by corporate defaults have remained stubbornly and surprisingly robust.