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Junk bonds sold during periods of heavy issuance perform worse in the short term than those sold...
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Wednesday, August 29, 2012, 1:13 PM ETJunk bonds sold during periods of heavy issuance perform worse in the short term than those sold during slower times, according to very cool Barclays research from the last 2 years. High-yield paper sold in weeks with more than $7B of supply has lost money over the following 14 days.
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Low rates on junk mean higher risk. No need to over-complicate it.