Comment on High Yield Bond Prices Slide Nearly 1% Amid Greece Turmoil

High Yield Bond Prices Slide Nearly 1% Amid Greece Turmoil

The average bid of LCD’s flow-name high-yield bonds fell 94 bps in today’s reading, to 99.78% of par, yielding 6.80%, from 100.72% of par, yielding 6.58%, on June 25. Of the 15 constituents, 13 were decliners and two were unchanged. Today’s negative reading joins Thursday’s 35 bps drop, for a week-over-week [...]

 

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