Oil’s slide shakes up the junk-bond market
You are starting to see energy and energyrelated companies that have really re-priced in the last month, and that has weighed down on the market.
— James Keenan
Steve ROTHWELL
The Associated Press
MONEY
NEW YORK — Oil’s slump didn’t just hit the stock market, it’s shaken up the junk-bond market, too.
High-yield bonds are on track for their worst drop in a year and a half after investors dumped risky securities issued by energy companies. Those bonds...
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