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September is tracking as the worst month for junk bonds since 2022, with SoftBank's $11bn deal the largest high-yield sale on record and Paramount planning a $12.4bn junk bond issue, while average default recoveries fell to 56 cents in 2023-2026 from 72 cents in 2009-2022.
ZeroHedge09/29, 07:24 AM
- $11bn
- $12.4
- 56 cents
- '23–'26
Figures as quoted by ZeroHedge
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