Junk bonds set an October sales record with $33B in issuance, and high-yield debt is...

|By:, SA News Editor

Junk bonds set an October sales record with $33B in issuance, and high-yield debt is outperforming investment grade by more than two percentage points. MGM Resorts (MGM) CEO James Murren says this debt rally's headed into 2011: People are "going to be searching for yield and they’re going to go down the rating scale and that’s going to benefit companies like us."