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Investment-Grade Bonds Could Turn to Junk Amid Global Rout – The Wall Street Journal


Economic fallout from the novel coronavirus and collapsing oil prices are sparking steep declines in the $3.4 trillion market of corporate bonds with triple-B credit ratings, the lowest rung on the investment-grade scale.

Fear that many of the bonds will be downgraded to junk status is causing an unusually steep drop in prices this month, despite the sharp rally in Treasury bonds, which typically buoys investment-grade corporate debt.

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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