Gundlach Says High Yield Bond Defaults Could Almost Double – Yahoo Finance
(Bloomberg) – High yield bond default rates could double as companies grapple with a prolonged economic downturn even as the Federal Reserve backs valuations, Jeffrey Gundlach said. The prime corporate debt market has shifted to lower grade BBB-rated debt, but if only 50% of that debt were downgraded, it could fuel a near doubling of […]