Junk bonds are cracking at the bottom. Will the noise get loud enough to make ‘junk bond’ a household term
The Economic Times · ET Prime ·
The weakest US companies now pay about 18% a year to borrow, up from 12.5% in January. Whether junk bonds become a street term again depends on three things – and on a practice of company owners that lenders have learnt to fear.
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Junk bonds are cracking at the bottom. Will the noise get loud enough to make ‘junk bond’ a household term again?
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