Junk-loan defaults worry wall street investors

Interest payments on the loans float in lockstep with benchmark interest rates set by the Federal ReservePremium
Interest payments on the loans float in lockstep with benchmark interest rates set by the Federal Reserve
 wsj 5 min read . Updated: 06 Sep 2022, 05:48 PM IST Matt Wirz, The Wall Street Journal

Missed loan payments point to a hard landing for companies squeezed by rising interest rates

Financial pain is spreading in the junk-loan market, showing how interest-rate increases are hurting debt-laden companies and worrying investors that a credit crunch looms as the economy slows.

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