ANALYSIS-US junk bond terms relax as buyers chase yield

Newswire

By Dena Aubin NEW YORK, April 28 (Reuters) - A hot junk bond market is allowing U.S. companies to sell bonds with weakening investor protections, just months after the last era of easy money led to the highest junk bond default rate in over 75 years. Looser lending standards are still confined to a minority of junk bond issues, largely from private equity-sponsored companies, but if the trend continues, it could lead to another round of investor losses like the risky deals struck in the ...

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