Bond defaults deliver 99% losses in new era of U.S. bankruptcies

Bankruptcy filings are surging, and many lenders coming to realization their claims are almost completely worthless

https://financialpost.com/news/fp-street/bond-defaults-deliver-99-losses-in-new-era-of-u-s-bankruptcies/wcm/cd982bea-2d30-4180-a4ac-3d1f777183a2/amp/