<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>

美國高收益債 ETF - SPDR

組合高收益債券 ETF - SPDR

降級高收益公司債 ETF - VanEck Vectors

0-5 年高收益公司債券指數 ETF - PIMCO

美元高收益公司債券 ETF - iShares

0-5 年高收益公司債券 ETF - iShares

美國高收益債 ETF - iShares

<p>瑞士銀行的信用分析師 Matt Mish 報告稱，美國高收益債券的回收率顯著下降至 35%，較去年下降了 16%，為疫情以來的最低水平。儘管美國和歐洲信用市場的違約率保持穩定，但貸款抵押品質量的下降引發了對未來信用風險的擔憂</p>

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

ZeroHedge

瑞銀集團

高收益債券的回收率降至 35%，較去年下降 16%，為自 COVID 以來的最低水平