U.S. junk bonds suffer worst month since July 2002

Newswire

By Dena Aubin NEW YORK, March 30 (Reuters) - U.S. junk bonds are having their worst month since July 2002, hurt by the one-two punch of rising interest rates and deteriorating ratings at General Motors Corp. Counting interest and price changes, junk bonds have lost 2.4 percent this month, wiping out the previous two months' gains, according to Merrill Lynch. March is set to go down as the worst month for junk bonds since WorldCom's bankruptcy triggered a 3.9 percent loss in July 2002. ...

Premium Content (PAID Subscription Required)

"U.S. junk bonds suffer worst month since July 2002" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×