Further Signs Of High Yield Bond Rebound After Huge Volume Day

There are further signs of a rebound in the speculative-grade secondary corporate market this morning after the deep drubbing on Monday as global financial markets sputtered. Tuesday's tenuous recovery was notable given the huge volume, with roughly $6.7 billion in paper having changed hands, up from $5 billion on Monday and an average of $4.4 billion each session last week, according to MarketAxess. Market players relay the buying interest was weighted towards real-money buyers adding to core p...