CCC Debt Turns Distressed for First Time Since 2023 Crisis
The spread on the riskiest US corporate bonds has exceeded 1,000 basis points over Treasuries, signaling a high probability of default or restructuring for the first time since 2023.
The spread on the riskiest US corporate bonds has jumped above 1,000 basis points over Treasuries for the first time since the regional banking crisis in 2023. That level of risk premium typically implies high probability of default, restructuring or loss.
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