Here comes first of many High Yield defaults… Junk bond default rate to triple within 12 months, S&P says

here comes first of many High Yield defaults$NMG #NeimanMarcus pic.twitter.com/FyQXGcUXCd

— Gold Mansacks (@Gold_Mansack) 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.https://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 https://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 (@chattwithjulia) 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