Junk bonds sold during periods of heavy issuance perform worse in the short term than those sold...

|By:, SA News Editor

Junk 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.