"These bond spreads are off the charts, and historically there is a strong correlation between spreads and default rates."

14 Nov 2008

Kenneth Emery, Moody's Investors Service director of corporate default research, on bond spreads hitting the 1500 range and the expectation of the U.S. default rate topping 10%.

"These bond spreads are off the charts, and historically there is a strong correlation between spreads and default rates."-- Kenneth Emery, Moody's Investors Service director of corporate default research, on bond spreads hitting the 1500 range and the expectation of the U.S. default rate topping 10%.

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