Seeking Alpha

YTD junk bond issuance hits $254B globally, up 53% Y/Y. In the U.S., issuance is up 24% at...

YTD junk bond issuance hits $254B globally, up 53% Y/Y. In the U.S., issuance is up 24% at $130.6B in the first five months of the year and some say the frothy market (see: 5% yield barrier broken) is ripe for a correction. In fact, data suggest cracks are already starting to show in the secondary market: investors pulled a combined $660M from HYG and JNK last week, as fears mount regarding the dreaded "taper". (Previously: Lousy month for high yield; anomalous high yield/ muni spread tightens)
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  • DeepValueLover
    , contributor
    Comments (9999) | Send Message
     
    Took a large position in (SJB).

     

    Glad I did!
    1 Jun 2013, 02:04 PM Reply Like
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