Oil Plunge Erases $8.4 Billion for Junk Traders After Debt Binge
This article is for subscribers only.
As oil prices plunge, so goes the value of high-yield bonds.
Traders are dumping dollar-denominated notes of speculative-grade energy companies today as oil reaches a three-year low: Petroleos de Venezuela SA bonds fell more than 4 percent and some Halcon Resources Corp. notes have lost about