---
title: More Bonds Are Teetering on the Brink of Junk
description: "JPMorgan doesn’t anticipate market turmoil anytime soon. Demand from investors is still strong, and earnings will probably be relatively strong in the coming weeks, leaving spreads relatively rangebound. \n\nBut there are still risks in credit. About $55 billion of US corporate bonds migrated from investment-grade to junk status in 2025, becoming “fallen angels,” according to JPMorgan. That far exceeds last year’s $10 billion of “rising stars,” or firms elevated to high-grade. And the trend is set to continue, the strategists say. \n\nSource: Bloomberg, Tracy Shuchart (𝒞𝒽𝒾 )\n@chigrl"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [More Bonds Are Teetering on the Brink of Junk](https://blog.syzgroup.com/syz-the-moment/more-bonds-are-teetering-on-the-brink-of-junk)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jan 12, 2026, 2:49:47 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/more-bonds-are-teetering-on-the-brink-of-junk)

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