MacroScope

Graphic: GDP of the G20 Nations

The G20 is made up of the finance ministers and central bank governors of 19 countries and the European Union.

Graphics: Markets since Lehman’s fall

Junk Bonds


Credit markets today have healed after the entire U.S. junk bond market traded at distressed debt levels suggesting a substantial risk of default. Those bond prices have since recovered and now offer investors returns of 40 percent to lead major asset classes.

Rising Stocks


The U.S. stock market too has recovered lost ground, with financial stocks leading the charge. The S&P 500 Index has rallied for most of this year. The Dow Jones industrial average <.DJI> now trades around 9,300 — up sharply from a 2009 closing low at 6,547.05, but down only about 15 percent from its close at 10,917.51 on the day of Lehman’s bankruptcy filing.

Financial Shares

Financial shares have led the charge, including gains by Goldman Sachs, Citigroup, JPMorgan Chase and Bank of America.