Investors Tiring of Junk Bonds Lift Trades Most Since ’09
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The more than doubling of their money since 2008 has some junk-bond investors getting restless.
Trading in the highest-risk corporate debt is climbing as money managers show a willingness to part with securities that handed them 144 percent returns in five years. Average volumes increased 5 percent in April from the previous three months, the first advance for the period since 2009, according to data compiled by the Financial Industry Regulatory Authority.