Category Archives: Number of the Day

2016 Year End High Yield Default Rates

Moody's reported that its global speculative-grade default rate stood at 4.4% at the end of Q4'16, according to its own release. It sees the rate falling to 3.0% by December 2017. Moody's puts the historical average default rate at 4.2% since 1983. In 2016, the number of defaults totaled 142, the highest amount since 2009. The U.S. speculative-grade default rate stood at 5.6% at the end of Q4'16. It sees the U.S. rate falling to 3.8% by December 2017. The default rate on senior loans stood at 2....

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49

The estimated number of U.S. venture-capital-backed companies with a valuation of $1 billion or more, the highest number on record—as many find private funding readily available and see no rush to go public.

(Source: WSJ)

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$500 million

The amount of money that workplace personality testing generates each year—a business that is growing by 10% to 15% a year, according to Hogan Assessment Systems, a Tulsa, Okla., testing company.

Did you have to take a test for your current job?

(Source: WSJ)

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$70 billion

The estimated amount that German companies have spent to acquire U.S. companies so far this year, already exceeding how much they spent in every full year of the past two decades, according to Dealogic.

(Source: WSJ, Dealogic)

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0.3%

The rise in median annual household income in 2013 to an inflation-adjusted $51,939, according to the Census Bureau in its latest snapshot of U.S. living standards—the first time it has increased in six years.

Is this a sign of improving economy and a change in trend?

(Source: WSJ)

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$350 million

The sum that Gerald Chan, a Harvard-educated investor, is donating to the university’s School of Public Health, the largest gift in the 378-year history of America’s richest university.

(That is what I call Philanthropy at its best, purely American style!)

(Source: WSJ)

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