A junk bond rally prompts a surge in speculative-grade offerings, with Advanced Micro Devices...

|About: Advanced Micro Devices, Inc. (AMD)|By:, SA News Editor

A junk bond rally prompts a surge in speculative-grade offerings, with Advanced Micro Devices (AMD) and Vantage Drilling (VTG) leading $12.5B of July issuance. As long as the economy is growing even slowly, "yields are going to get low enough on the better-quality debt that it’s going to force high-yield buyers to move down in credit quality."