Rates rise, Tech Pullback Pummel convertible bonds

The fallout of a boom in the pandemic that bonds could turn into stocks is punishing investors and pressuring some fast-growing companies to start turning a profit.

New sales of so-called convertible bonds have dried up, and ICE BofA The US Convertible Index is down about 20% this year, roughly on par with the S&P 500.

https://www.wsj.com/articles/rising-rates-tech-pullback-pummel-convertible-bonds-11656275471?mod=rss_markets_main Rates rise, Tech Pullback Pummel convertible bonds

Luke Plunkett

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