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Ji Fu (fu@libranet.de)'s status on Wednesday, 16-Aug-2023 20:56:24 EDT Ji Fu

Here we go again #recession
Credit default swaps are so back https://www.freedomsphoenix.com/News/348661-2023-08-16-credit-default-swaps-are-so-back.htm
In conversation Wednesday, 16-Aug-2023 20:56:24 EDT from libranet.de permalink
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1. Credit default swaps are so back
  
  More companies are defaulting on their debt. So traders at banks and hedge funds are jumping back into the market for individual companies' credit
1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Thursday, 17-Aug-2023 18:26:14 EDT lnxw48a1
  in reply to
  
  What may be more important than the growth in the CDS market is why they're coming back.
  
  https://www.ft.com/content/84c7f8a2-9e93-4f42-a8b8-bf5d225d8ca8 Increased defaults of certain variable interest rate corporate loans.
  In conversation Thursday, 17-Aug-2023 18:26:14 EDT from nu.federati.net permalink
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  1. US junk loan defaults surge as higher interest rates start to bite
    
    Total this year exceeds 2021 and 2022 combined in a market that is a critical source of financing for many companies
  1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Thursday, 17-Aug-2023 18:29:56 EDT lnxw48a1
    in reply to
    
    https://nu.federati.net/url/291301
    In conversation Thursday, 17-Aug-2023 18:29:56 EDT from nu.federati.net permalink
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    1. File without filename could not get a thumbnail source.
      
      Default, Transition, and Recovery: Quarterly Defaults Reach Highest Level Since 2020
      
      S&P Global Ratings' 2023 global corporate default tally has reached to 84 after following 13 defaults in June: Australia based health care sector Genesis Care Pty Limited Atlanta-based coin-operated amusement machine operator Lucky Bucks LLC Virginia-based third-party provider of visas, passports, and immigration-related travel documentation KCIBT Holdings L.P.. U.S.-based data center operator Cyxtera Technologies Inc.. U.S. based ATM and point-of-sale terminal manufacturer, seller, and servicer Diebold Nixdorf Inc. U.S.-based competitive telecommunications and cloud provider U.S. TelePacific Holdings Corp.Canada based mining and processing iron ore mineral reserves Tacora Resources Inc. Brazil based cement producer and seller InterCement Brasil S.A.. U.S. based home appliance Instant Brands Holdings Inc.. U.S. based transport service provider URS Holdco Inc. U.S. based media and entertainment service

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