WSJ: High-Yield Bond Issues Plunged 96% in August

High-Yield Bond Issues Plunged 96% in August
By Cynthia Koons
Word Count: 760 | Companies Featured in This Article: Tribune, Home Depot

Barelya drop of issuance fell in the junk-bond market in August, aconspicuous silence ahead of what's expected to be a deluge of supplyonce the dam breaks, expected right after Labor Day.

Investorshave been shying away from risk in the face of rising volatility in allmarkets, yet the situation can't proceed like this for long,considering the high-yield bond and leveraged-loans markets have about$300 billion of deals seen coming to fund large leveraged buyouts inthe pipeline.

Supply ground to a near halt in the U.S. junk-bond market in August, declining 96% to $245 million ...

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