Investors Brace for US Junk Debt’s Last Gasp Before Election
- Underwriters, issuers plan to move quickly before US election
- Dealmakers say they are optimistic about the upcoming pipeline
This article is for subscribers only.
September and the beginning of October might be the last opportunity that US investors have to buy newly issued high-yield debt this year.
Companies are expected to sell between $55 billion to $65 billion of junk bonds and leveraged loans next month, according to Barclays Plc. That’s a pick up from August’s low levels, when bankers and buysiders typically head to the beach, and before the burst of sales that usually follows the Labor Day holiday.