A generation of new arrivals to the US junk bond market have propelled it to a record size, with debut issuers borrowing cash cheaply from investors eager for yield.
A record 149 companies, including cryptocurrency exchange Coinbase and medical supplies manufacturer Medline, have joined the high-yield bond market this year, where lower-rated, riskier companies borrow money from large asset managers, pension funds and other investors, according to data provider Leveraged Commentary & Data.
The companies have extended a trend set in motion by central bankers’ historic response to the onset of the coronavirus pandemic, when they lowered interest rates and began injecting liquidity into financial markets to ward off a more severe downturn.
您已閱讀22%（746字），剩餘78%（2591字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。