Junk bonds closed their worst quarter in four years, and investment-grade corporates turned weak. It’s Been a Terrible Week for the Credit Market – Bloomberg Business <link href=”//assets.bwbx.io/business/public/stylesheets/noscript.78e39895.css” media=”all” rel=”stylesheet” type=”text/css”> The past few days have been challenging ones for the corporate bond market where companies sell their debt. New rules around fund liquidity announced by the […]
Halcon Resources Corp. almost ran into trouble with its banks in June 2013. And again in March 2014. And in February 2015. Each time, the shale driller came close to violating debt limits set by its lenders, endangering a credit line that provided as much as $1.05 billion in much-needed cash. Each time, Halcon’s banks, […]
If a company has too much debt and too little income, it’s going to struggle to pay its bills, regardless of when its bonds come due. This is a lesson that investors are learning as distressed U.S. bonds suffer their worst performance since 2008. The notes have plunged 7.5 percent so far this year and […]
