here comes first of many High Yield defaults$NMG #NeimanMarcus pic.twitter.com/FyQXGcUXCd
— Tian (@RealTianZeng) March 23, 2020
$HYG $JNK $BKLN $LQD
Junk bond default rate to triple within 12 months, S&P says – CNBC
*S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed 2019.t.co/ORMzAlVgV6— Win Smart, CFA (@WinfieldSmart) March 23, 2020
Citigroup and Deutsche Bank are stuck with billions of dollars of debt backed by MGM Grand and Mandalay Bay properties in Las Vegas t.co/tU0AD6oyKt
— Bloomberg Markets (@markets) March 23, 2020
The #Fed is tackling the financial crisis but we’re not on top of the health, the economics or the jobs crisis yet. On @TheLeadCNN w/ @JakeTapper discussing economic peril faced by Americans, esp if this $2 trillion survival bill isn't passed ASAP. pic.twitter.com/G8h97HDnrl
— Julia Chatterley (@jchatterleyCNN) March 23, 2020
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are demanding that managers of collateralized loan obligations put up more cash to finance the deals after prices on the underlying corporate debt went into a freefall
How quickly things change@business
— Danielle DiMartino Booth (@DiMartinoBooth) March 23, 2020