Glencore’s “Investment Grade” Bonds Just Took Out September Crash Lows: Downgrade To Junk Imminent

by Tyler Durden
ZeroHedge.com
01/18/2016

Glencore’s 2021 bonds just hit a 5 year low, taking out the September crash levels, and trading at about 64 cents on the dollar. Following the recent junking of Noble Group which has sent its stock price to 12 year lows and hitning that a bankruptcy is now virtually inevitable, we expect Glencore to be junked any minute, with the ensuing cascade of margin and collateral calls testing just how “systematically unimportant” the world’s largest commodity traders really are.

The Rest…HERE

This entry was posted on Monday, January 18th, 2016 at 12:38 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.