Dealers Absorbing Junk Bonds as ETF Demand Drops

Dealers Absorbing Junk Bonds as ETF Demand Drops

Scott Eells/Bloomberg

The average price for junk bonds in the U.S. has fallen 1.06 cents to 106.2 cents on the dollar after reaching a record 107.2 on May 9, Bank of America Merrill Lynch Index data show.