Loading ...March 25 – Bloomberg (Katherine Doherty): “The amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe. In total, the tally has ballooned to $934 billion of U.S. corporate bonds that yield at least 10 percentage points above Treasuries and loans that trade for less than 80 cents on the dollar… That’s nearly double the amount from less than a week ago.”
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.