Bond defaults lead to 99% losses in new era of US bankruptcy – pensions & investments
It’s not just bond investors who will suffer from weak recoveries. Amid the pandemic recession, loan investors could lose 40 to 45 cents on the dollar, down from historical averages of 30 to 35 cents, according to Barclays. One factor hurting fund managers is the erosion of investor protections known as covenants, as more and […]
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