Returns in the $745 billion junk-bond market, debt of companies with weak balance sheets and cash flows, are down more than 17% in the past five weeks, and 19% below the start of the year, according to Merrill Lynch.
The $2.5 trillion market for companies with high credit ratings, the investment-grade market, has fallen 11% since the start of September, and 11.5% since the beginning of the year.
10/10/08 WSJ
Nurturing Entrepreneurs and the Opportunities they see
