Chesapeake Energy Yield Curve Steepens As High Yield Bonds Plunge, Default Protection Cost Rises |
| November 20, 2015 | November 2015 Bond Updates |
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The large Chesapeake Energy yield curve continued to steepen today as bonds plunged in super-heavy trading, with market sources divided over whether investors are capitulating on the credit or fast-money shorts are taking advantage of the situation. Moreover, shares were down 12% earlier today, at a 13-year low near $5, before retracing marginally, and credit protection costs on the natural gas giant blew out to record wides. |
| View more at: http://www.forbes.com/sites/spleverage/2015/11/19/chesapeake-energy-yield-curve-steepens-as-high-yield-bonds-plunge-default-protection-cost-rises/ |
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