Borrowing Costs for European Junk Bonds Have Nearly Tripled Over the Past Month, Reuters

It seems like it was only yesterday that people were literally paying European companies to take their money. Seriously, that’s actually what they were doing. There was 14 junk bonds that were trading with negative yields.

(Reuters) – “Borrowing costs for junk-rated European companies have nearly tripled in less than a month, and with the market for new debt issuance shuttered, there could be a lot more pain in store for firms needing to raise fresh money to redeem debt.” Read more

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