In the high-yield credit markets, it is time to party like it’s 2006. Companies left for dead a year ago are now finding that investors are clamoring for their high-yield debt. Private equity-backed businesses are paying their owners dividends out of new bond issues. In all, companies raised $11.7 billion last week in the high-yield bond market, the biggest in history, according to Thomson Reuters. The previous record: $11.4 billion, set at the apex of the mid-decade credit boom in November 2006.
Yield Junkies Return to Bond Market
Most Popular Articles
Latest Articles
Stronghill Capital shuts down consumer, correspondent lending
Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week.
-
Spring housing market gets more inventory
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM