Deals
In This High-Yield Debt Revival, Only the Best Junk Need Apply
- Top-rated issues lead rally as investors seek yield, quality
- Goodyear, T-Mobile rush to tap funds before zero-rate era ends
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Speculative-grade companies have finally found their window to return to the debt market. Just as long as they’re not too junky.
After a tumultuous span that left the market largely shut during October, bankers have brought more high-yield debt the past three trading days than at any time during the previous month.