A rare bird is spotted twice this week, as 2 issuers postpone junk bond offerings amidst...

|By:, SA News Editor

A 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.