“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:
Rep. Peter King calls for NSA whistleblower Edward Snowden to be extradited from Hong Kong
77,000 Foreign Banks To Share Account Info With IRS
Romney praises Israel’s health care system with individual mandate
U.S. lawmakers blast Guantanamo’s $2.7 million per prisoner cost
CIA rendition flights from rustic North Carolina called to account by citizens
US prosecutors ponder what to do with Silk Road Bitcoin hoard
Reverse-Engineered Irises Look So Real, They Fool Eye-Scanners
Coinbase Raises $25 Million From Andreessen Horowitz
Syria's Chemical Weapons Sites Can't Be Safely Bombed, Experts Say
NATO members could act against Syria without UN mandate
Geithner urges governments to fuel growth
Draft Senate resolution allows Obama 90 days for Syria military campaign
Ordinary Folks Losing Faith In Stocks, Plowing Into Bonds
Liechtenstein for hire at $70,000 a night [2011]
Scientists used modified T-cells to wipe out childhood leukemia in a little girl