Peter Tchir and Toledo Molding Die Inc.

Toledo Molding Die Inc.: The largest exchange -traded fund that buys the debt reached the lowest level since June 2013. Demand surged for credit-default swaps that investors use to hedge against losses, fueling trading that was more than three times the daily average. The turmoil stopped junk-bond issuance for a second day and prompted auto-parts maker Toledo Molding Die Inc. to pull a $225 million loan it was seeking, according to Bloomberg. Theres real concern that people have been sloppy and less diligent than they should have been, Peter Tchir, head of macro strategy at Brean Capital LLC in New York , said in an interview. You re seeing in the energy space in particular a real sense of credit risk. Its not helping that retail sales are slowing, and there are so many things in the economy that are making people pause for concern that something is not quite right underneath. Junk ETF Junk bonds in the U.S. extended declines that are handing buyers their biggest losses in more than a year, all but shuttering the market where speculative-grade companies borrow. After gobbling up a record $294 billion of high-yield, high-risk debt this year, bond buyers are facing losses of 3.1 percent since the end of August as signs of a global economic slowdown and plunging commodity prices raise concerns that companies will struggle under the weight of their debt. The selloff wiped out more than $2 billion of market value on $50 billion of junk securities sold by energy companies this year, most of it even before the first interest payments were due. (news.financializer.com). As reported in the news.