GE Drags Premier US Corporate Debt, Which Posts Worst Year Since 2008

GE Drags Premier US Corporate Debt, Which Posts Worst Year Since 2008
The logo of General Electric is seen at its plant in Baden, Switzerland on Nov. 15, 2017. Arnd Wiegmann/Reuters
Reuters
Updated:

NEW YORK—The stock market’s gyrations have grabbed the year-end headlines, but another key financial market, investment-grade U.S. corporate debt, is turning in its worst yearly performance since the financial crisis a decade ago.

General Electric Co.’s securities have weighed on both markets as the 126-year-old conglomerate founded by Thomas Edison has suffered staggering losses and asset writedowns.