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