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ARTICLE · 13 SEPTEMBER 2021

What We're Reading This Week [September 6, 2021]

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The Wall Street Journal reports on bond managers' continued chase for yield, in the continuing, historically low-rate environment, in which yields on even junk bonds have reached record lows not seen in over 30 years.

United StatesFinance and Banking
Samuel R. Rabuck
Samuel R. Rabuck
Aaron Gavant
Aaron Gavant
Sean Scott
Sean Scott
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The Wall Street Journal reports on bond managers' continued chase for yield, in the continuing, historically low-rate environment, in which yields on even junk bonds have reached record lows not seen in over 30 years. In particular, the Journal notes that some fund managers have even started investing in unrated, illiquid bonds, increasing the risk to their portfolios given the potential for illiquidity in times of distress, while at least temporarily pumping up returns. [WSJ; September 5, 2021]

USA Gymnastics proposed a plan of reorganization that would include a $425 million settlement for the victims of Larry Nassar, the former national team doctor who has been convicted of sexually assaulting young gymnasts under the guise of medical treatment. According to the New York Times, while the survivors' committee pushed for even greater financial compensation for victims to cover the cost of things like medical care and therapy, it nonetheless signaled its support for

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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