Bed Bath & Beyond edged closer to a bankruptcy filing on Thursday after the retailer said it had received a default notice from JPMorgan and warned it didn’t have enough funds to make payments. Meanwhile, Barclays expects credit spreads to likely react more to an economic slowdown than to a less-hawkish Federal Reserve.
- The spread on the Markit CDX North American Investment Grade
Index, which declines as credit risk drops, widened 0.66 basis points to 72.56 as of 7:29 a.m. New York time
- Creditors are demanding
immediate repaymentof Bed Bath & Beyond’s debt after it breached the terms …