Junk Bond Defaults Up 400% Over Past Year.
Municipal Bond Defaults Up 122% Over Past Year...... As Credit Crunch Commences..... Getting Any Kind Of Credit Is Getting Harder & Harder In The USA.
BofA Sees More Muni-Bond Defaults in 2023 After January Uptick
First-time payment defaults rose 122% in January from year ago
Forecast reflects a tougher outlook for riskier debt
By Nic Querolo
February 7, 2023
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