Distressed Bond Trades

• MCP 3.25s 2016 traded ~17 for a ytm ~200%.
• MCP 10s (secured) traded today ~ 56 for a ytm of 25%.
• MCP market cap is still over $200 million!
• WLT 9.875s 2020 traded a million+ yesterday at 13.5, ytm of 82%!
• RSH unsecureds (defaulted) have been trading in the mid-teens
• GDP 2019 paper has rallied a few points, but still ytm 35%