Market Currents
A rare bird is spotted twice this week, as 2 issuers postpone junk bond offerings amidst...
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Thursday, November 15, 2012, 1:25 PM ETA rare bird is spotted twice this week, as 2 issuers postpone junk bond offerings amidst cooling investor demand for high-yield paper. At 5.84%, the BAML High Yield Index spread to Treasurys has leapt 56 bps in 3 weeks, second this year to the 131 bp widening during the jittery month of May - a level that may soon be reached, says Marty Fridson.
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