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The trailing 12-month default rate on high yield paper rose to 2.2% in May, reports Fitch,...

  • Thursday, June 21, 2012, 11:28 AM ET
    The trailing 12-month default rate on high yield paper rose to 2.2% in May, reports Fitch, rising above 2% for the first time since October 2010. The agency blames the "CCC factor," where funding for the weakest companies began to dry up last summer and is showing in defaults now. Fitch expects the rate to rise to the 2.5-3% level by year's end.
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This news story has 2 comments:

  •  
    Even if its the worst default rate increase of 1%. If the fund yields 10% then it could drop to 9% on its payout. I guess this is a good reason to switch to safer Treasury Notes that yield close to nothing, LOL.
    I'm so worried laughing all the way to the bank on this.
    21 Jun 2012, 04:50 PM Reply Like
  •  
    does it yield 10%,it says it yields over 7% on Yahoo
    22 Jun 2012, 12:11 PM Reply Like
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