Deutsche Bank analysts see US speculative-grade default rates rising to 4.8% by the second quarter of 2026, with “potential upside” to 5% to 5.5%, according to a report dated June 9.
- Analysts including
Jim Reid see US default rates dropping to 4.4% by year-end 2025 before picking up again- If the 2Q 2026 forecast materializes, it would be the highest rolling 3-year annual US-issuer weighted spec-grade default rate since 2012
- “In a world of above-target inflation, severe policy uncertainty & rising sovereign term premia, the odds of a soft landing are falling,” according to the analysts
- Notes will either see ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.