Monday 12/23/2024
Investors in The Container Store (TCSG) have been sent packing as the struggling home goods chain files for bankruptcy.
The retailer filed for Chapter 11 bankruptcy protection late Sunday, Yahoo Finance learned exclusively. The company said in a press release it is doing this in order to refinance its debt to "bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability."
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Again the 39 year interest rate cycle bottomed March 2020. Then the thirty year bond was yielding less than 1%, it is now about 4.5%. Companies gorged on cheap debt as the FED lowered rates to absurd 39 year lows. As that debt comes due, it does so at higher yields, cost. And many firms simply cannot make those payments.
30 Yr Bond Yield
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