The market for junk bonds is enduring its worst rout since the depths of the financial crisis....

|By:, SA News Editor

The market for junk bonds is enduring its worst rout since the depths of the financial crisis. Demand for high-yield bonds has nearly dried up, an ominous sign for low-rated firms hoping to tap the bond markets and private equity firms trying to finance leveraged buyouts. Returns have dropped to negative 5.1% so far in August.