<div id="readability-page-1"><div><div><p>UBS' credit analyst Matt Mish - who two months sparked a mini crisis on Wall Street when he predicted private credit default rates of 15% - published his April Default Report (<em>available here for pro subs</em>) which saw stable default rates across US and EU credit markets, with US high-yield bonds showing a 2.3% LTM issuer default rate, up 1.1% year-on-year.Recovery rates, <strong>however, declined sharply, down 16% to 35%, which is a big red flag as it means that the quality of loan collateral is rapidly eroding. </strong></p><p><em>Here are the details:</em></p></div></div></div>

美国高收益债 ETF - SPDR

组合高收益债券 ETF - SPDR

降级高收益公司债 ETF - VanEck Vectors

0-5 年高收益公司债券指数 ETF - PIMCO

美元高收益公司债券 ETF - iShares

0-5 年高收益公司债券 ETF - iShares

美国高收益债 ETF - iShares

<p>瑞士银行的信用分析师 Matt Mish 报告称，美国高收益债券的回收率显著下降至 35%，较去年下降了 16%，为疫情以来的最低水平。尽管美国和欧洲信用市场的违约率保持稳定，但贷款抵押品质量的下降引发了对未来信用风险的担忧</p>

High Yield Recovery Rates Plunge To 35%, Down 16% From A Year Ago And Lowest Since COVID

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高收益债券的回收率降至 35%，较去年下降 16%，为自 COVID 以来的最低水平