This New York Times graphic is updated daily for high-yield bonds as well as other measures of credit stress.
This is bad news for businesses dependent on access to the credit markets, some of which face impossible rates above 20 percent to borrow anything. It’s also bearish for stocks, because bondholders get paid off before stockholders in a liquidation.
This is bad news for businesses dependent on access to the credit markets, some of which face impossible rates above 20 percent to borrow anything. It’s also bearish for stocks, because bondholders get paid off before stockholders in a liquidation.
