(Bloomberg) -- For the second time in two weeks, Wall Street bankers suffered a painful reminder of how quickly risk appetite is evaporating from credit markets as a $3.9 billion debt sale for a leveraged buyout collapsed.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Mar
(Bloomberg) -- Wall Street banks trying to offload tens of billions of dollars in high-risk leveraged buyout debt are finding it increasingly tough as yields surge. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapTop Apple Executive Is Leaving After Makin
Only the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to post a modest gain, but it still remains further below its all-time highs than its two benchmark counterparts. The reports lacked any details of what the possible terms of a deal might be, but investors are clearly assuming that Apollo would need to pay a hefty premium to the company's market capitalization as of Monday.