Investors require compensation for the risk that market conditions will be unfavorable at a time when they need to sell their high yield bonds.

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These numbers are actually slightly better than Bill Clinton's 51 percent favorable and 48 percent unfavorable ratings at the time he left office.

CNN: Analysis: What's next for Bill Clinton?

At a time when the president has an unfavorable approval rating, he is simply looking for ways to placate the public in order to avoid embarrassment in the upcoming elections and beyond.

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On the other hand, if you believe the surge is due to unfavorable fundamentals of the world economies, you might expect this rise to continue for some time.

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In the past, particularly in the music industry, record companies sued both first-time pirates and repeat offenders for inordinate sums, leading to lengthy court battles and unfavorable views of the industry.

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