There are all sorts of esoteric debt markets (and claim markets).
Not too long ago, people were selling claims on FTX deposits (a sort of debt) for pennies on the dollar since they assumed the money was gone... now the estimated recovery rate might go as high as 30-50 cents on the dollar, so whoever bought that debt claim will make out like a bandit.
Not too long ago, people were selling claims on FTX deposits (a sort of debt) for pennies on the dollar since they assumed the money was gone... now the estimated recovery rate might go as high as 30-50 cents on the dollar, so whoever bought that debt claim will make out like a bandit.