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High Yield Bond Issuance Slips to $26B in Tumultuous October

The U.S. high yield bond market saw $26.1 billion in issuance during an eventful October, down from the roughly $40 billion in September, according to S&P Capital IQ/LCD.

The recent issuance brings year to date volume to $274.9 billion, down roughly 2% from the $280.6 billion seen at this time last year.

While issuance eased, investors made their way back to market in October - capped off with consecutive large inflows to U.S. high yield funds – helping push the yield (to worst) on speculative-grade bonds from 6.13% on Sept. 30 to 5.93% today, according to the S&P US High Yield Corporate Bond Index.

For more news, analysis, and high yield data check out HighYieldBond.com, a free site powered by LCD to promote the asset class. 

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