Sales of dollar junk bonds have hit all-time high levels in 2009, as issuers rush to tap strong global investor demand after a year in which the asset class has produced record returns.
Total issuance so far this year of high-yield bonds, commonly known as junk, last week topped $144bn, passing the previous high of $143bn reached in 2006, according to Dealogic.
This marks a big reversal from last year, when investors shunned this corner of the credit markets.
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