Fallen Angels and Their Origins
A fallen angel is an angel that was expelled from heaven after they decided to rebel against God. These angels are also known as demons, and they will be sent to hell where they face eternal torment and punishment. They are one of the seven main types of angels in the Bible, and they serve as an example of what happens when a person falls from grace.
Lucifer's Rebellion and the Birth of Demons
Lucifer, a high-ranking angel who was displeased with being God's servant, incited a rebellion against the Lord. His prideful thoughts and rage against God caused him to convince one-third of all the angels in the sky to join him. This is the reason we call him the "devil" today.
The fall of these angels led to the creation of a new demon species called the Nephilim. These angels were perverted and acted in a way that would lead to the destruction of humankind on the day of the flood.
These angels were also tempted to marry humans and conceive children, which explains why a number of these angels are mentioned in the Book of Enoch. However, the Bible never mentions that these angels were specifically "fallen" from heaven as some Christians believe.
The Reasons for the Fall of Angels
There are a number of reasons that these angels fell from heaven, but most commonly they became so enamored with human women and their children that they were led astray by their sinful desires. In fact, the Bible tells us that these angels were punished for their behavior by being cast into the abyss of hell until the time of Judgment.
Some people believe that these angels were confined in a dark, gloomy place called the Tartarus or "Tartar" which is described in the book of Jude and is seen as the home for Satan. In addition, a 'tartar' is seen in the New Testament and in Revelation 20:1-3 where it is used to describe the pit in which Satan and his demons are confined.
The Investment Perspective on Fallen Angels
Among the major reasons why fallen angels are considered junk bonds is because of their higher credit risk. This increases the probability of a downgrade and makes them unattractive to investment funds that are restricted to holding only investment-grade debt. This in turn means that they are more likely to be sold off by the market in large numbers and are susceptible to price volatility.
As a result, it is vital to conduct fundamental research on the companies and sectors that issue fallen angels to ensure that they are able to recover from their downgrades and earn attractive price returns in the long run. This can help to reduce the risk of the asset becoming a Junk Bond and to take advantage of any opportunity that arises.
The Rise of Fallen Angels in the Global Corporate Bond Market
The global economy has undergone a dramatic change in recent years, with unprecedented support from central banks and an increased demand for corporate debt. This has boosted the volume of falling angels in the global corporate bond market. This is especially true in the U.S., where the Federal Reserve has initiated the purchase of certain high-yield corporate bonds. This is the first time that the Fed has been able to make purchases in this segment of the corporate bond market.
