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Report Predicts U.S. High Yield Default Rate to Hit 5%

The pandemic certainly put cash-strapped companies in a bind and meeting debt payments made it that much more difficult, resulting in defaults. As such, the U.S. high yield default rate is set to hit 5% in June, which would make it the first time since July 2016—a rise of 4.6% at May 31, according...
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