CCCs Default Rate

CCCs Default Rate No defaults among CCC-rated companies in the last three months. Is the price of risk too low in this market? Image: BofA Global Research

Historical CCC Junk Bond Spreads

Historical CCC Junk Bond Spreads CCC junk bond spreads are at lowest levels since 2007, thanks to the Fed’s low-rate policies. Image: BofA Global Investment Strategy

High Yield CCC-Rated Bonds

High Yield CCC-Rated Bonds Consumer-related and technology industries now represent more than one-third of CCC issues. Image: Arbor Research & Trading LLC

U.S. Corporate CCC-Rated Bonds Diverge During Trade War

U.S. Corporate CCC-Rated Bonds Diverge During Trade War As the chart suggests, CCC-rated bonds are not the canary in the coal mine. The divergence in option-adjusted spreads between CCCs and higher-rated issues reflects the impact of the US-China trade war. Image: Arbor Research & Trading LLC

Corporate High Yield Bond Index

Corporate High Yield Bond Index With high yield investors piling into risky debt, CCC spreads have collapsed the most over the past nine months. Image: Morgan Stanley Wealth Management

U.S. Consumer vs. Corporate Debt

U.S. Consumer vs. Corporate Debt This chart puts interest rates on non-prime consumer credit accounts into perspective vs. CCC corporate bonds. Image: Goldman Sachs Global Investment Research