Companies reduce borrowing expenses on $400 billion of US high-yield loans

Companies reduce borrowing expenses on 0 billion of US high-yield loans

U.S. companies have been able to take advantage of investor appetite for junk loans, with nearly $400 billion of debt being revalued at lower interest rates this year. The easing of financing conditions for U.S. companies has been attributed to the equivalent of two quarter-point cuts by the Federal Reserve. Demand has been driven by … Read more