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Subscriber OnlyMarketsBond Defaults Deliver 99% Losses in New Era of U.S. BankruptciesMarket prices, derivative auctions imply debt may be worthlessHigh borrowings, weak protections leading to low recoveriesDon't Write Off the Bond Market Yet, Says SwellByJeremy Hill and Max Reyes+FollowOctober 26, 2020, 10:00 AM UTCThree 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.
