US HIGH YIELD-As bond sales revive, quality rules

Newswire

By Dena Aubin NEW YORK, April 30 (Reuters) - U.S. junk bond sales are staging a tentative comeback, but investor jitters about a sluggish economy and default prospects could keep issuance volumes well below last year's pace. Junk bond sales in April to date have risen to $4.2 billion, up from $3.1 billion in March and the highest monthly volume since November, according to Thomson Reuters data. Year-to-date sales are still 80 percent below the same period in 2007, however, and are skewed ...

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