Investors Turn Cautious on Consumer Debt https://www.wsj.com/articles/investors-turn-cautious-on-consumer-debt-11649683129
Buyers of bonds backed by subprime car loans or credit cards are demanding the highest premiums over interest-rate benchmarks since mid-2020. Meanwhile, investors have punished shares of some financial-technology companies that helped fuel a recent surge in consumer borrowing, such as Affirm Holdings and Upstart Holdings .
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