Risky companies are finding it harder to borrow money from US junk bond markets as investors grow more anxious over macro-economic concerns. Companies rated on average CCC or lower this year borrowed $13.4 billion in the high yield bond market through July 17, according to Dealogic. That is 44% less than the $23.9 billion they borrowed through the same period last year and the least since 2010, when low rated companies borrowed $9.4 billion.
Many global investors are hanging on to China’s stock market roller coaster. The plunge in China’s shares in the past month reflect weaknesses in the country’s capital markets regulations and panic among retail investors, these fund managers argue, rather than a deterioration of the growth outlook in the world’s second largest economy.
Venture capitalists invested $17.5 billion in 1,189 deals in the second quarter of 2015, the first time since the fourth quarter of 2000 that VC investing has exceeded $17 Billion. Software companies captured $7.3 Billion of this total, the highest ever recorded.
Listen in for much more in the Wall Street Wrap-up.