(Bloomberg) -- High-yield, high-risk bonds lost
about 3.9 percent in July, their worst monthly performance since
2002, as concerns about an onslaught of debt to finance leveraged
buyouts drove down prices.
This month's rout wiped about $31 billion from the face
value of junk bonds and erased the debt's gains from earlier this
year, index data compiled by Merrill Lynch & Co. show. The bonds
have lost about 1 percent so far in 2007.
Read more at Bloomberg Bonds News
about 3.9 percent in July, their worst monthly performance since
2002, as concerns about an onslaught of debt to finance leveraged
buyouts drove down prices.
This month's rout wiped about $31 billion from the face
value of junk bonds and erased the debt's gains from earlier this
year, index data compiled by Merrill Lynch & Co. show. The bonds
have lost about 1 percent so far in 2007.
Read more at Bloomberg Bonds News
No comments:
Post a Comment