Investors increasingly wary of bonds backed by credit cards

As defaults rise on credit card payments and the economic outlook continues to be dismal, investors are increasingly concerned about bonds backed by payments on credit cards. The situation is making it more difficult for consumers to gain access to what has previously been one of the easiest ways to obtain credit. Additionally, investors who stay in the market are demanding higher returns on these types of securities.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: