US junk-bond sales could cross US$20b in March revival

New York

BOND investors are opening their wallets again to junk-rated companies in the US.

There are signs of life in the market for risky corporate debt with sales of speculative-grade bonds rising for the last three consecutive months. More than US$14 billion of junk debt has been sold in March and another US$6 billion of the securities may be issued before the end of next week, according to data compiled by Bloomberg.