This Bank Warns of a “Default Wave”

Two Deutsche Bank strategists just wrote a study in which they said “a default wave is imminent.”
This May 31 news item from Marketwatch provides details: By the fourth quarter of 2024, they [the two Deutsche Bank strategists] say the U.S. high-yield default rate will peak at 9%, and the U.S. loan default rate will reach 11.3%. The European speculative-default rate will rise too, though to a less steep 5.8%.