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Distressed-Debt Deluge

(Bloomberg) — Distressed debt supply has surged $234 billion to $559 billion in just the past week, escalating this month’s jump to $423 billion and setting a pace that would nearly double the $215 billion record for a single month set in October 2008. If the total ends the month at these levels, it would be the biggest-ever increase in the par amount of debt in the ICE BofAML US Distressed Index.

Image 3-25-20 at 5.12 PM

Liquidity moves markets!

Follow the money. Find the profits! 

Energy isn’t solely driving the distressed ratio (44.5%) higher anymore as all sectors now have double-digit distressed ratios.

Fortunately for America, The Federal Reserve is on call!

chuckie

Thanks to Jesse at Jesse’s Cafe Americain!

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