Glencore Fear Trade Grips Debt Market Amid Commodity Pain
- Price plunge puts many mining companies near junk status
- 'The market is on edge and the bad news keeps coming'
What’s Behind Glencore’s Freefall?
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Glencore Plc just gave credit traders another reason to reach for the antacid.
Fears the commodities house won’t be able to get a grip on its $30 billion debt load triggered a global selloff Monday, sending junk-bond yields over 8 percent for the first time in three years, a Bank of America Merrill Lynch index shows.