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Next, the High-Yield Stress Test

May 08, 2009 - 5:59 PM EDT

Tyler Durden submits:

Every now and then the general public gets a chance to see just how valid the green shoots theory really is. Next Friday may prove to be just such a case. On that date, 20 of some of the gnarliest and most troubled stressed and distressed high yield credits have a simultaneous IOU due to their respective lenders, either in the form of an interest payment or outright maturity. Zero Hedge has compiled the list of the 20 most interesting suspects to watch carefully.

At the end of the day, fund flows talk and TV propaganda walks (and both have a 30 day grace period). (Click chart to enlarge.)

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Source: Seeking Alpha (May 08, 2009 - 5:59 PM EDT)