PG&E (ticker: PCG) filed for bankruptcy - surprisingly the issuer was within the A or better rated pension liability discount rate universe within the prior 12 months.
Political uncertainty has led to low expectations that policy initiatives would see much progress before year-end.
This month marks the largest monthly funded status decrease since January 2016.
A breakdown of what you need to watch this month as you consider investment implications for your pension plan.
Due to a 30 bps decrease in discount rates, funded status fell 1.3% this month from 90.4% to 89.1%
November marked the 10 year anniversary of the widest corporate bond spreads on record.
Explore this month’s report where we see the highest funded status level achieved since December 2012.