DISTRESS WATCH: Credit Sees Tenuous Easing From Tariff Turmoil

The global pile of distressed debt eased from the highest level in more than seven months as some of the worst fears over the Trump Administration’s trade war ease.

The total amount of bonds and loans in Bloomberg News’ global distressed debt tracker dropped 2.8% to $529.8 billion in the week ended April 25, according to data compiled by Bloomberg. It was the first weekly decline since Trump’s tariff announcement on April 2, though the tally is still up by more than $42 billion since then.

Credit markets that had been all but shut by the turmoil from Trump’s threatened ...