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Excessive-Yield Bond Gross sales Soar to Document as Traders Have Few Different Locations to Go

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Excessive-Yield Bond Gross sales Soar to Document as Traders Have Few Different Locations to Go

Traders’ hunt for increased fixed-income returns has powered gross sales of low-rated company bonds to a document.

U.S. corporations, together with medical provider Medline Industries LP and videogame maker Roblox Corp. , have bought greater than $455 billion of bonds with speculative-grade credit score rankings this yr by way of Monday, in line with S&P World Market Intelligence’s LCD. That already beats the full-year whole for 2020, when junk-bond gross sales set a then-record of $435 billion.

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