The $1.4 trillion US junk-bond market is getting junkier, as more debt gets either downgraded or elevated out of the high-yield universe altogether, leaving greater potential risks for investors.
Private real estate fundraising plunged in the third quarter as higher interest rates cooled investor appetites for risk.
Mortgage rates in the US rose for the fifth week in a row, topping 7.5% for the first time in more than two decades.
