The selloff reflects rising borrowing costs, inflation and investor concerns regarding AI disruption for heavily indebted companies in the software, cable and telecom sectors. Leveraged loans trading below 60 cents on the dollar reached their highest volume since March 2020, and the volume of loans trading at or below 80 cents rose nearly 90% over the past year.
Monday, October 26, 2026
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US CCC Bond Yields Reach 18% for First Time Since 2020 Pandemic
US Markets13 hours ago
Effective yields for the riskiest tier of US corporate debt surged 500 basis points over the last six months, marking the largest six-month increase since the 2022 bear market. The yield on US CCC-rated and lower bonds reached 18.0%, while credit spreads for these assets over Treasuries hit 13.4%, the widest gap since July 2020.
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