“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:
Owner wins court battle against feds trying to seize his Tewksbury motel
Can you tell the difference between Bush and Obama on the Patriot Act?
Woman with thalidomide-related birth defects wins multi-million dollar settlement from drug companie...
Australia to adopt tougher sanctions against Russia over Ukraine
American Farm Bureau calls for end to federal ban on hemp
Death penalty for grandmother convicted in girl's running death?
Winklevoss twins say Bitcoin could become a country's currency
Fast food workers strike in 50 cities to demand wages of $15/hour, right to unionize
Walmart robber's attempted carjacking thwarted twice by drivers pulling out guns
John Kerry, 1971: 'I Don't Think U.S. Can Apply Moralism Around The World'
Hillary Clinton’s Lucrative Goldman Sachs Speaking Gigs
Cop Sexually Assaults Woman, Then Arrests Her For Protesting The Assault
Bitcoin In IRS Crosshairs, Says Government Report
The Feds Are Cracking Down On Mt. Gox (Not On Bitcoin)
Altcoin Investment for Dummies