U.S. Bankruptcy Tracker: Troubled Debt Jumps Most This year

The pile of troubled bonds and loans traded in U.S. markets saw its biggest weekly jump so far this year, led by distressed debt in the telecommunication and energy sectors.

• The total amount of traded distressed bonds and loans rose 11.2% week-over-week to about $63.6 billion as of Sept. 24, data compiled by Bloomberg show. The amount of traded distressed bonds rose 9.0% week-on-week, while distressed loans jumped 19.2%.
  • That comes out to about $6.6 billion of newly distressed debt, the biggest weekly boost seen in a year that has mostly seen distress collapse from pandemic highs
• Companies in the ...