Cruise line bonds have taken a fresh hit after Carnival’s weaker-than-expected financial update for its latest quarter, and yields on many debt issues now are in teens.
Carnival (ticker: CCL) shares were hammered on the news Friday, falling 23% to $7.03 and hitting their lowest level in 30 years. The stock is getting closer to its 1987 IPO price of about $4 a share.
Source: https://www.barrons.com/articles/carnival-debt-yield-norwegian-royal-caribbean-51664576030?siteid=yhoof2&yptr=yahoo