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SPBO - Corporate Debt: Defaults Downgrades And Fallen Angels
SPDR® Portfolio Corporate Bond ETF
By Susan Hutman and Robert Hopper
The coronavirus pandemic continues to wreak havoc across economies and markets. A wave of rating downgrades, fallen angels and corporate bond defaults has begun - and it could grow into a tsunami before the pandemic recedes.
But that doesn't mean investors should stay out of the water. In many cases, today's yields more than adequately compensate bondholders for potential losses. Here's what we expect.
Corporate Bond Defaults Will Spike
In March and early April, as economies around the world ground to a halt and liquidity challenges skyrocketed, investors sold