Canary On The Junk Pile: YTD Issuance Down 25%

Issues of new high-yield corporate debt in March are currently at $24 billion, half the issuance in the same month last year, according to JPMorgan. New supply in the year to date is $68.3 billion, 25 percent below the same period last year.

 

 

https://www.reuters.com/article/us-usa-junkbonds/shrinking-junk-bond-issuance-keeps-u-s-high-yield-prices-afloat-idUSKBN1H52LR

 

 

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.