A crane stands behind a gate to the construction site of a luxury residential compound developed by China Evergrande Group in Beijing, China September 22, 2021. REUTERS/Carlos Garcia Rawlins - RC2UUP9HC6U2another Lehman Brothers moment? Not at all, according to the $40 trillion global corporate debt market. International credit investors have good reasons to be so nonchalant about the potential ripple effects of problems at the Chinese property behemoth with a $300 billion debt pile.
But those ripple effects look contained. In the United States, where some $19 billion of Evergrande bonds are issued, the average extra yield that investors demand to own junk-rated debt is steady at roughly 310 basis points, another ICE Bank of America index shows. That’s even lower than the levels seen in the heady days of September 2006. And the yield spread on bonds issued by U.S.
New Covid-19 variants or a Chinese property meltdown could hurt the global economic recovery. But companies have emerged from the pandemic in good health having raised cash, cut costs and skimped on investment in the past 18 months. European companies’ debt has fallen to 2.3 times trailing EBITDA and that multiple could sink as low as 2 times by year-end, its lowest since before the Lehman collapse in 2008, Citi analysts reckon.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best Methods For Disposing Of A Metal Credit CardMetal credit cards are here to stay. The , known as the “Black Card,” used to be most people’s lone reference point for a metal card. Mysterious and exclusive, the card seemed to serve mostly as an indicator of status and wealth and it rarely concerned the average credit card user. Now nearly all major […] Advisor thanks Advisor put it in lava Advisor subscribe and support thiz
Source: Forbes - 🏆 394. / 53 Read more »
Some parents are missing the September child tax credit paymentThough the Internal Revenue Service sent out the third monthly child tax credit payment last week, some families are still waiting for the funds. I’m one
Source: CNN - 🏆 4. / 95 Read more »
I Think My Husband Is Trying to Destroy My Credit Before We DivorceDear Pay Dirt: I’m not sure how to fix this.
Source: Slate - 🏆 716. / 51 Read more »
The Best Credit Card Processing Companies Of 2021Forbes Advisor has researched the best options available to bring you our ranking of the 10 best credit card processing companies. Advisor wow Advisor wow Advisor A Manager with so much ambitious goals towards his clients, a man with love and care for others welfare. You're magnificent when it comes to investment thanks you Geoffreypreud
Source: Forbes - 🏆 394. / 53 Read more »
Why you need a credit score even if you don't like debtDear Liz: As I counsel my teenage kids about their personal finances, I am wondering if they can live without a credit score. I wonder what about my credit score if I have never taken out a loan. Do I need to improve it somehow?
Source: latimes - 🏆 11. / 82 Read more »
Credit Suisse’s Archegos Disaster Exposes Cracks in Bank RegulationWhen Archegos blew up, it saddled Credit Suisse with $5.5 billion in losses. One reason investors and regulators were blindsided: a gap in the regulatory oversight of big international banks.
Source: WSJ - 🏆 98. / 63 Read more »