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Bond Defaults Deliver 99% Losses in New Era of U.S. Bankruptcies

  • Market prices, derivative auctions imply debt may be worthless
  • High borrowings, weak protections leading to low recoveries
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Don't Write Off the Bond Market Yet, Says Swell

Three cents. Two cents. Even a mere 0.125 cents on the dollar.

More and more, these are the kinds of scraps that bondholders are fighting over as companies go belly up.