Blackstone's GSO Returns Stumble Amid Distress in Energy Junk Bonds

The video discusses the financial distress in the shale patch, focusing on energy junk bonds. Despite stable oil prices, these bonds have seen significant losses, impacting investors like Blackstone's credit unit. The yield differential between energy and non-energy junk bonds is at its highest since 2016, raising concerns about the future of these investments.

What was the percentage loss of energy junk bonds in the third quarter?

What factors are contributing to the distress in energy junk bonds despite rising oil prices?