High Yield Default- No Signs Of Slowing Down
February witnessed a significant increase in high yield default activity, a research from JPMorgan noted. With defaults in the energy sector continuing to roil markets, another 3.2% of the U.S. high yield bond universe is expected to default over the next 12 months from the energy sector alone. High Yield Default Trends – $9.3 billion in defaults in February, mostly in energy and metals / mining sectors A significant increase in February default activity was noted by JPMorgan’s US High Yield & Leveraged Loan Strategy group. Eight companies defaulted totaling $9.3bn in high-yield bonds and leveraged loans, the highest number...