High Yield Bond Prices Snap Back, Rally For Largest Gain In 3 Years
- Tuesday, October 21, 2014, 15:40
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The average bid of high-yield flow-name bonds rocketed 272 bps in today’s reading, to 101.33% of par, yielding 6.74%, from 98.61, yielding 7.86%, on Oct. 16, according to LCD. All 15 of the constituents notched big gains, with none less than one full point and many in the two-to-four-point context.
http://www.forbes.com/sites/spleverage/2014/10/21/high-yield-bond-prices-snap-back-rally-for-largest-gain-in-3-years/
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