Investors are piling into some of the riskiest bonds sold by companies as they bet on Donald Trump delivering on his promise of a stronger economy, lower taxes and less regulation.
Demand for junk-rated bonds has driven yields on debt with the lowest quality credit rating down towards 10 per cent as more than $10bn has flowed into funds that invest in the asset class since the start of December.
Borrowings by triple-C rated groups, among the lowest tier of the high-yield universe, have risen nearly two-thirds from a year earlier when the average yield for this part of the junk market peaked at 21.7 per cent. Yields fall as bond prices rise.
您已阅读24%（646字），剩余76%（2074字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。