FYI: (The Linkster is still holding 50 Hertz 1/15/21 7.375% which is selling slightly below par at $988.)
No U.S. company rated below investment grade has issued bonds since November—the longest stretch without a high-yield sale in more than two decades—reflecting investors’ concerns about market volatility and the durability of the long-running expansion.
December was the first month since 2008 without a junk-bond sale, according to Dealogic. Thursday is on pace to mark 41 days without a deal, the longest stretch in data going back to 1995. Volatility in financial markets, uncertainty about the economy and the recent drop in oil prices are discouraging riskier companies from issuing debt and investors from buying it, analysts say.
Regards,
Ted
https://www.wsj.com/articles/a-junk-bond-drought-is-making-investors-nervous-11547116200?mod=searchresults&page=1&pos=1
