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Brexit means crisis for Europe's junk market

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Polls signal the June 23 referendum will be tight. A March 14 survey for Telegraph Newspapers shows 49% in favour of a Brexit and 47% against. Europe's junk bonds have been among the first assets to suffer during times of crisis in the union as investors lose their appetite for riskier debt.

London

WHEN British voters decide the fate of the UK's role in Europe, they'll also potentially be casting the dice for the region's junk-bond market.

A vote in favour of exiting the European Union in June will spawn the deepest market slump since the Greek debt crisis and the

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