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Carnival Debt Yields in the Teens After Big Earnings Miss

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Carnival Debt Yields in the Teens After Big Earnings Miss | Barron’s

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.

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