Today we’re going to look at debt mutual funds, and how they will be impacted when there are concerns that the debt they own has a potential of not being repaid. Unless you’ve been living under a rock, you’ve heard of the crisis at Amtek Auto, and then that caused a crisis at JP Morgan AMC. Amtek Auto’s shares are near multiyear lows and when they were downgraded (12 notches! to essentially junk) everyone realized there’s a good chance the company may not be able to pay back the debt. The Mark-To-Market Problem The rest of this content is only available to premium members. Register for a premium membership today ! Apart from this content you will get our proprietary research and weekly newsletter too! Already a subscriber? Log in now !… (Read On…)
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