Defaults Are on the Rise

The March rebalancing of the S&P U.S. Distressed High Yield Corporate Bond Index saw another increase in the number of qualifying constituents.  This marks the eighth increase of this kind in the last nine months.  The index, which is designed to measure securities with an option-adjusted spread greater than or equal to 1,000 bps, is down 35% over the past one-year period as of March 1, 2016.

– See more at: http://www.indexologyblog.com/2016/03/07/defaults-are-on-the-rise/#sthash.zbpKfPTy.dpuf

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