The pile of distressed debt rose by about $2.7 billion last week, breaking a two-week streak of contractions, according to data compiled by Bloomberg.
- The heap of dollar-denominated corporate bonds and loans in the Americas trading at distressed levels rose to $297.2 billion in the week ended Friday, a roughly 0.92% increase from $294.5 billion a week earlier, Bloomberg-compiled data show
- There were three large bankruptcy filings last week, including those of
David’s Bridal andStructurlam Mass Timber - With the addition of
Bed Bath & Beyond’s filing on Sunday, there have been 68 large bankruptcies in the US so far ...
- With the addition of
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