Global credit markets are on edge as fresh loan blowups fuel credit risk concerns and stir memories of the 2023 US regional banking crisis.
US high-yield and leveraged-loan funds each had $1.3 billion of outflows in the latest week, the most in six months, according to LSEG Lipper, a sign that investors are readjusting their holdings of higher-risk debt. Spreads on high-grade corporates, though still tight, have widened 0.05 percentage point this month to 0.79 percentage point.
Credit markets, already jittery after a few worrisome corporate collapses, were further roiled Thursday after Zions Bancorp and Western Alliance Bancorp said ...
