U.S. junk bonds suffer worst month since July 2002


By Dena Aubin NEW YORK, March 30 (Reuters) - U.S. junk bonds are having their worst month since July 2002, hurt by the one-two punch of rising interest rates and deteriorating ratings at General Motors Corp. Counting interest and price changes, junk bonds have lost 2.4 percent this month, wiping out the previous two months' gains, according to Merrill Lynch. March is set to go down as the worst month for junk bonds since WorldCom's bankruptcy triggered a 3.9 percent loss in July 2002. ...

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