Morgan Stanley: High-yield Defaults Cycle May Have Already BegunRupert Hargreaves
Morgan Stanley: High-yield Defaults could be about to soar
The rising volume of consumer and corporate defaults is one of the biggest mysteries in the financial world today. As the economy generally improves, interest rates remain at record lows and banks leave lending standards relaxed, it is strange to report that consumer defaults and corporate defaults have been rising throughout 2016. But that is exactly what has been happening.
A research report from the Morgan Stanley Research Foundation published this week, digs into the high-yield defaults trend and tries to . . .
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