Market braces for $700B in high-yield bonds maturing over 3 years

03/16/2010 | New York Times (tiered subscription model), The

Analysts are worried that corporate borrowers that have issued more than $700 billion in high-yield bonds will hit a "maturity wall" between 2012 and 2014, triggering another wave of business defaults and bankruptcies. This year, only $21 billion in high-yield bonds is due. That amount is expected to soar to $155 billion in 2012, $212 billion in 2013 and $338 billion in 2014.

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