Congrats To Jay Powell! June Junk Bond Bonanza Shatters All-Time Record

Congrats To Jay Powell! June Junk Bond Bonanza Shatters All-Time Record

Congratulations are in order for Jerome Powell. As of Tuesday, June 2020 is enshrined in the history books as the biggest month for junk bond issuance ever. That's right, folks. Thanks in no small part to the Fed backstop for the US corporate credit market, companies sold more junk bonds in June than any other month in recorded history. The one-month total is now $46.7 billion, besting the previous record of $46.4 billion set nearly seven years ago. Perhaps just as notable, 2020 boasts thre
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