Weekly Trade Round Up
Delta Air Lines’ term loan lost one point after the carrier reported a $1.4 billion net fourth quarter loss Tuesday but the loss was dwarfed by the loan’s week-long ascent to 70 1/2-72 1/2 Monday from 68-69 and Claire’s Stores loans sank to 36-37 yesterday from 38-39 Monday, reflecting a lack of faith in the retail sector. Investors don’t expect consumer spending to rebound any time soon, one banker explained.
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