Back to Search
Start Over
Citi, J.P. Morgan See Default Wave.
- Source :
-
Wall Street Journal - Eastern Edition . 1/4/2008, Vol. 251 Issue 3, pC3. 0p. - Publication Year :
- 2008
-
Abstract
- The article reports on an increase in corporate-bond defaults in the U.S. According to an analysis by J.P. Morgan Chase, the default rate for noninvestment-grade firms declined to 0.34 percent in December 2007. Citigroup states that the bond market expects the rate of defaults to rise over 5.5 percent. Also noted is that home builder Tousa revealed that it missed interest payments on $485 million of debt.
- Subjects :
- *DEFAULT (Finance)
*CORPORATE bonds
*BOND market
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 251
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 28604209