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Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says
Key Points
Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says The deeply distressed tail of the leveraged loan universe has grown to levels not seen since the beginning of the pandemic, with technology the single biggest sector under pressure. That’s according to strategists at JPMorgan Chase & Co., who on Tuesday wrote that the value of loans trading below 60 cents on the dollar, or deeply distressed levels, rose to $65 billion from $40 billion a year ago, to the highest...
Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says
The deeply distressed tail of the leveraged loan universe has grown to levels not seen since the beginning of the pandemic, with technology the single biggest sector under pressure.
That’s according to strategists at JPMorgan Chase & Co., who on Tuesday wrote that the value of loans trading below 60 cents on the dollar, or deeply distressed levels, rose to $65 billion from $40 billion a year ago, to the highest since March 2020.