Stocks Turmoil Spreads to Junk Bonds, Hurts Deals

The shock waves from the stock market crash are spreading into junk bonds, sending prices plunging and forcing some companies to cancel new deals.

The average price of high-yield US bonds fell to about 91 cents on Monday, the lowest since May 2020 as the pandemic shutdown hit the global economy, according to data from Bloomberg. , according to data from Bloomberg.

https://www.wsj.com/articles/stocks-turmoil-spreads-to-junk-bonds-hurts-deals-11652261581?mod=rss_markets_main Stocks Turmoil Spreads to Junk Bonds, Hurts Deals

Edmund DeMarche

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