Sales of dollar junk bonds have hit all-time highs in 2009, as issuers rush to tap strong global investor demand after a year in which the asset class has produced record returns. Total issuance so far this year of high-yield bonds, commonly known as junk, last week topped $144bn (£89bn), passing the previous high of $143bn reached in 2006, according to Dealogic. This marks a big reversal from last year, when investors shunned this corner of the credit markets.

This entry was posted by Paul Murphy on Monday, December 21st, 2009 at 4:59 and is featured in The 6am Cut London (21 Dec 2009) . Tagged with dealogic, dollar junk bonds. Edit this entry.