Total Meltdown in Riskiest Debt Jolts Market

Total meltdown in riskiest debt jolts market

WASHINGTON: It was a panicked message from a colleague that woke fund manager Ivelina Green at 5am last Thursday in New York: "Total meltdown."

‘Total meltdown’ in riskiest debt unnerves market

The average risk premium for US high-yield debt had climbed to a 17-month high and primary markets notched the year’s biggest spate of pulled deals.

Bloomberg Warns of a "Total Meltdown" In The Riskiest Debt. Should We Worry About The BDCs?

Bloomberg put its readers on notice in an article over the week-end that the nether regions of the high yield market are in crisis mode. We've sought to evaluate their claim and translate what it might mean for the BDC sector.

Logon Opalesque Alternative Market Briefing

Stress is spreading through the lowest-rated corners of credit: yields on CCC-rated junk bonds have hit their highest since the pandemic, the average US high-yield risk premium reached a 17-month high, and primary markets saw the year's biggest number of pulled deals. High-yield investor Arini Capit... Article link