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

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Trader NYSE
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

Average Debt: Household Debt Statistics

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Caleb Hammer promised to save them from financial ruin — and it seems to actually be working

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Caleb Hammer

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The banks which loaned Elon Musk money to help buy Twitter expect to lose $2 billion on the debt, report says

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Elon Musk, wearing a black suit and tie and flanked by a police officer and a body guard, departs following a meeting at the US Capitol in Washington, DC, on September 13, 2023
Elon Musk.

STEFANI REYNOLDS/AFP via Getty Images)

Treasury bond supply could soon hit record levels as unsustainable deficits and high rates create spiral effect, Bank of America says

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U.S. Capitol building
Personal information of hundreds of House members and staff was stolen due to a recent data breach.

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The end of easy money is putting another key driver of stock market gains at risk

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 6, 2016. REUTERS/Brendan McDermid
Traders work on the floor of the NYSE

Thomson Reuters

Beijing will offer fresh stimulus through a rare budget adjustment and increased sovereign debt

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xi jinping
Chinese President Xi Jinping

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Venezuelan sovereign bonds soar 90% as US allows the return of American investors

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nicolas maduro
Venezuela's President Nicolas Maduro.

Reuters

Distressed commercial real estate debt hit $80 billion last quarter, the highest amount in a decade

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office building bankers workers employees
There's around $216 billion of potentially distressed commercial real estate properties, according to MSCI Real Assets.

REUTERS/Carlo Allegri

China sells the most US assets in 4 years, dumping $21 billion of US stock and Treasury bonds

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Hong Kong skyline
The Hong Kong skyline is photographed on July 13, 2021.

REUTERS/Tyrone Siu

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