The trailing 12-month U.S. high yield default rate ended April at 1.1%, virtually unchanged from its March level, according to Fitch’s U.S. High Yield Default Index. April added just one issuer default to the year’s tally of five, with the defaults in total affecting $1.2 billion in bonds. This compares with nine issuer defaults on $2.0 billion in bonds in the first four months of 2010. – iMarketNews
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