WeWork’s bonds tumbled to fresh lows Tuesday after details emerged of a high-cost $5 billion financing plan for the embattled office-share venture to help it avoid a cash-flow crisis. Prices of WeWork’s $670 million of outstanding high-yield bonds slid as low as 78 cents on the dollar in trading Tuesday,Read More →
Bonds issued by embattled U.S. energy companies with sub-investment-grade ratings saw a major boost Monday after oil prices spiked following Saturday’s attack on Saudi Arabia’s oil production facilities. Energy company defaults have weighed down the U.S. high-yield bond market all year as companies have struggled to balance slower global growthRead More →
The U.S. junk-bond market may be flashing a new warning that the credit cycle is nearing its end. About $52.5 billion of corporate bonds issued by U.S. companies with “junk” credit ratings were trading in June at prices below 70 cents on the dollar, the highest amount in six months,Read More →
