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-0.000155908949173688 -0.000311817898347377 0.000259848248622716 0.000634029726639568 -0.00202681633925795 0.000363787548071891 -0.000883484045317617 -0.00145515019228771
Stock impact report

JPMorgan Shows Why US Default Rate Is Less a Worry for Investors [BNN Bloomberg (Canada)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: BNN Bloomberg
About half the volume of corporate debt included in the default rate in one measurement isn't wholly a problem for investors, at least not now. In another analysis, the speculative-grade default rate is actually closer to about 3% at the end of March, according to Jantzen, a head of US high yield and leveraged loan strategy. The difference stems from what happens when a company tries to avoid bankruptcy by entering a distressed debt exchange. Such a swap can result in all of a company's debt counting as having defaulted according to an issuer-weighted metric widely used in the industry. But a distressed debt exchange may not translate to a company failing to make all its interest payments. In a par-weighted measure, debt used in a distressed exchange is included but only the amount that was actually swapped. “A lot of the confusion is around the absolute numbers being reported because people aren't necessarily feeling it to that effect in their portfolio,” Jantzen said in a tel Show less Read more
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