Here’s why the surge in bankruptcy filings this year isn’t as scary as it sounds

• Corporate bankruptcy filings have surged so far this year, already eclipsing the number of bankruptcies in 2022.
• The spike comes as interest rates continue to move higher, with the 10-year US Treasury rate above 4%. 
• But there are three reasons why bankruptcy filings aren’t as scary as they sound, according to Carson Group.

Corporate bankruptcies have surged this year to the highest level since 2010, but it’s not as scary as it might sound, according to Carson Group global macro strategist Sonu Varghese.

So far this year, there have been 402 corporate bankruptcy filings, which is almost double the number seen in all of 2022. Some well-known companies that have gone under this year include Bed Bath & Beyond, Yellow, Silicon Valley Bank, and Party City.