The End of the Free-Money Era
Bloomberg Businessweek
00:00
Is There a Risk of Defaults in the Bond Market?
During most of the pedemic, you have barely been penalized for being a junk rated issuer. That gap has started to widen out and that's where we're really going to see the potential for defaults come in. Because these companies have borrowed so much in the last two years, they've been able to push maturities,. But when maturities are starting to come up, if they can't borrow easily, that will lead to the fallxfor the weakest companies.
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