Credit market sees fewer distressed debt

S&P reports today that the number of junk bonds with extremely high yields has fallen to its lowest level for the year.  A bond is considered junk if it receives a credt rating of BB or below and it becomes distressed if it yields 1,000 basis points – or 10 percent – above the Treasuries.  Distressed debts have now fallen to 34%  of all junk bonds from the record of 86% in December. The average, however, only stands at 15.7%.

News courtesy of MarketWatch. Read more HERE.

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