Stress is heating up in the U.S. leveraged loan market! The scale of deeply distressed loans hits a new high since the COVID-19 pandemic, with the technology sector being the hardest hit.

Zhitong Finance APP has learned that JPMorgan stated that the amount of debt in severe distress in the U.S. leveraged loan market has risen to its highest level since the early days of the COVID-19 pandemic, with the technology sector under the most prominent pressure. As global bond yields climb, the Federal Reserve shifts to a more tightening policy stance, and a large wave of debt approaches maturity, the debt repayment and refinancing pressures on highly leveraged companies are continuing to rise.