Wall of debt is cut by 34%, helped by Fed's bond-buying plan

11/18/2010 | Bloomberg

The threat that a wave of high-yield debt will result in an increase in defaults is easing, after companies reduced the amount of debt that comes due through 2014 by about $393 billion, according to JPMorgan Chase. The Federal Reserve's policies, including its bond-buying plan, have helped companies. High-yield bond sales already have surpassed a record set last year.

View Full Article in:

Bloomberg

Published in Brief: