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The high yield default rate through April is running well ahead of the same period in 2011,...

The high yield default rate through April is running well ahead of the same period in 2011, reports Fitch, with the amount of bonds affected totaling $9.2B vs. $1.7B last year. It's likely to get worse in May as Fitch estimates a default rate of 2% this month, the highest level since October 2010. (full report, .pdf)
Comments (1)
  • A crash in junk bonds.

     

    This could get very ugly by autumn.
    18 May 2012, 12:42 PM Reply Like
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