Published On: Sat, Sep 16th, 2017

A positive sign from the bond market

THE stockmarket’s positive mood has managed to survive the tensions over North Korea’s nuclear programme.  In part, this is because investors believe that global economic growth and corporate profits will continue to do well.

One reassuring signal is from the corporate bond market. The global default rate on speculative (junk) bonds has been dropping; fewer companies are going bust (see chart). 

This is the first time the default rate has…Continue reading
Business and finance

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A positive sign from the bond market