Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says

Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says

Defaults could accelerate 1.5x next year, resulting in a $46 billion pile of distressed high-yield corporate debt, Bank of America warned.REUTERS/Brendan McDermid <ul> <li>The US could see a $46 bil… [+2026 chars]

Read More