High-yield bond and loan investors have shunned new debt sales so far this month, extending a buyers’ strike for risky assets into the traditionally busy first week of September as concerns linger over the shaky state of the credit markets. Just one $50m bond issue was sold last week, marking the lowest new-issue volume for the first week of September in more than a decade. In 2006, the same week saw more than $2.4bn of new debt hit the market. In August, just under $2bn of high-yield debt was sold in the US, the lowest amount since 2002, according to Thomson Financial. European credit markets saw no new issues in August.

This entry was posted by Gwen Robinson on Tuesday, September 11th, 2007 at 5:48 and is filed under Capital markets. Edit this entry.