"A food fight" for new junk bond offerings is the result of investors' quest for yields as...
"A food fight" for new junk bond offerings is the result of investors' quest for yields as high-yield fund managers struggle to put to work $43.1B of inflows thus far this year. The money is pouring in as debt sales slow - off 54% since May. "Demand is intense," says corporate bond vet Marty Fridson. "It's become tough to buy acceptable quality paper."
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