It's Been a Terrible Week for the Credit Market
Junk bonds closed their worst quarter in four years, and investment-grade corporates turned weak.
This article is for subscribers only.
The past few days have been challenging ones for the corporate bond market where companies sell their debt.
New rules around fund liquidity announced by the U.S. securities regulator, a raft of big bond sales in recent weeks, and continued concerns over the fate of heavily indebted energy companies, all combined to set the stage for a hairy week in the credit market. Here's a snapshot of what happened.