Cornerstone Building Brands’ Bonds Tumble to Record Low

Several Cornerstone Building Brands dollar bonds were the biggest decliners Friday morning in the US high-yield market, hitting fresh all-time lows after plunging Thursday in heavy volume.

• Its 9.5% bond due 2029 dropped 5 cents to 62 cents on the dollar as of 9:30am ET, according to Trace data
• Firm’s 8.75% note due 2028 fell 4.25 cents to 62.75 cents
  • They both slumped more than 7 cents on Thursday

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