Indexology®: Energy Bonds Are Now One of the Riskiest Sectors
January 08, 2015 at 06:30 AM EST
As oil prices have tumbled, the cost of buying default protection on the debt of energy companies has skyrocketed. The cost of buying default protection tracked in the S&P/ISDA CDS U.S. Energy Select 10 Index has nearly tripled from a low point in June 2014. As a result, default spreads for...