“More than $7 billion of the distressed-debt market has been wiped out this month amid a renewal of a slide in commodities. The performance is a disappointment to investors who purchased about $40 billion of junk-rated bonds from energy companies this year, thinking that the worst of the slump was over. Speculative-grade borrowers are increasingly unable to pay their bills, with their default rate expected to rise to 3.1 percent next March from 2.02 percent last month, according to Moody’s Investors Service. New Jersey’s pension system is planning a $300 million account with GoldenTree Asset Management to invest in stressed and distressed credits.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Venezuelan minister: Facebook users unwittingly work as CIA informants
Zurich children's hospital halts circumcisions
Former cricket captain turned politician Imran Khan detained and ‘interrogated over drone views’ by ...
New turbine to capture energy from both wind and waves slated for testing
Dan Mitchell Debating Tax Havens
Barack Obama is pushing gun control at home, but he’s a killer abroad
Tripling in Chinese Debt to $1.7 Trillion Drags on Economy
Quantum Spying: GCHQ Used Fake LinkedIn Pages to Target Engineers
Amash: Syria strike supporters 'might as well start cleaning out your office'
A City of Fear: A Visit to Timbuktu after Its Liberation By French Troops
Anthony Gregory: Newtown and the Bipartisan Police State
US banker proud to become Chinese national
Silk Road Website Manager Green Pleads Guilty to 1 Drug Charge
Banking Crisis Awakens Hopes for Cyprus Reconciliation Between Turks and Greeks
India Could Be The Next Booming Market For Bitcoin