More than 1,400 bonds—43% of those tracked in an influential $2.1 trillion index of global junk bonds—are currently trading at what investors consider distressed levels, with yields that are more than 10 percentage points above those on risk-free U.S. Treasurys, vs. less than 450 three weeks ago, before the rout began.
See the whole story on the WSJ here: Investors, Fearing Defaults, Rush Out of Junk Bonds
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