CREDIT DAYBOOK AMERICAS: Junk Notches Busiest Week Since 2020

This week’s US junk-bond sales are the highest since 2020, according to Bloomberg-compiled data, but rising borrowing costs in recent days are poised to cool a months-long hot stretch.

• High-yield firms have priced $17.5 billion of notes this week, mirroring a busy period across US corporate-bond markets
  • September’s total is $48.4 billion, the most ever for the month and the highest since April 2021
• But amid profit-taking in Treasuries since the Federal Reserve’s rate cut, junk-bond yields have climbed 14 basis points this week to 6.72% and are poised to end a streak of seven-straight weekly drops, the longest in ...