Investors fear more big hits for bonds backed by US consumer loans

Investors fear more big hits for bonds backed by US consumer loans

Investors have beaten a retreat from the $1tn US market for bonds backed by car loans, credit cards and other consumer lending, as a sharp jump in unemployment threatens borrowers’ ability to pay them back. So far this year, yields on low-rated bonds backed by car loans in the US have quadrupled to 8 percentage […]

US consumer confidence March 2020

US consumer confidence March 2020

A man wears a protective mask while shopping at BJ’s Wholesale Club market at the Palisades Center shopping mall during the coronavirus outbreak in West Nyack, New York, March 14, 2020.Mike Segar | ReutersThis is breaking news. Please check back for updates.A...