Bond Distress Rises to the Highest Level in Six Months

The percentage of corporate bonds considered in distress is at the highest in six months, a sign debt investors expect the economy to slow and defaults to rise. The number of speculative-grade co.’s worldwide with yields at least 10 percentage points more than govt bonds climbed to 399 this month, or 16.7%t of the total, the highest share since December, according to BofA Merrill Lynch index data – Bloomberg

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