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      CCC Debt Turns Distressed for First Time Since 2023 Crisis

      The spread on the riskiest US corporate bonds has jumped above 1,000 basis points over Treasuries for the first time since the regional banking crisis in 2023. That level of risk premium typically implies high probability of default, restructuring or loss.

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud