No major U.S. bankruptcies were announced last week.
“Just because you're not seeing bankruptcy filings doesn't mean there isn't distress,” said one BlackRock manager.
Only two companies with at least $50 million of liabilities sought protection from creditors in the U.S. last week.
Credit markets have rallied and lifted many borrowers out of distress, but bankruptcy experts predict another wave of filings.
Bankruptcy filings are surging and many lenders are realizing their claims are almost completely worthless.
If the deal goes through, more than a third of the total circulation of U.S. newspapers will be controlled by private equity firms or hedge funds.
The standout feature in commodity markets last quarter was crude’s swoon from four-year high into a bear market.
The worst year for corporate debt in a decade is just the start of the slump
The path of its potential destruction runs right through markets from stocks to mortgage-backed securities.
Hawaii's high-end real estate market has taken off so far in 2018.