Investors Face Intensifying Credit Risks With U.S. High Yield Corporate Bonds

Investors Face Intensifying Credit Risks With U.S. High Yield Corporate Bonds

U.S. corporate bond debt continues to grow and protections are getting weaker for high yield bonds.
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Non-financial corporate debt in the form of loans and bonds is now about $16 trillion, an equivalent of about 75% of U.S. GDP. This is an over 50% rise since 2007.  Presently about a third of that debt is in the form of leveraged loans, which majority are covenant- and document-lite, and…

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