Tuesday, November 29

Tag: distressed-debt

From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown
PR Wire

From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown

Mike Segar/Reuters Periods of widespread selling and cash-hoarding shifted the sands of the investing landscape to reveal new opportunities. Several of Wall Street's biggest firms are raising billions of dollars to pile into distressed debt, viewing the Federal Reserve's relief measures as a backstop for ailing corporations. Significant spending on coronavirus relief measures will drag on global currencies, Bank of America projected, setting gold up to skyrocket through the economic downturn. Even bitcoin is breaching key thresholds, and some investors are turning to the volatile asset for the first time "as a hedge against currency wars," Ed Moya, senior market analyst at OANDA, wrote Thursday. Visit the Business Insider homepage for more stories. Weeks of ...