Junk Bond Rally Shaping Up to Make June Busiest Month on Record
- Issuers are rushing in to raise cash now before window closes
- Federal Reserve support lures investors to risky asset class
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Companies rushing to shore up cash during the Covid-19 pandemic are fueling the busiest June ever in the U.S. junk-bond market.
Through Friday, companies have raised about $45.5 billion this month. That puts it on pace to be the busiest month since $46.4 billion was sold in September 2013, the former record since 2006, according to data compiled by Bloomberg.