High Yield Bond Prices Slide Again, Erasing July Gains

The average bid of U.S. high-yield flow-name bonds in the secondary market fell 67 bps over the past three sessions, to 101.02% of par, yielding 7.77%, on Aug. 6, from 101.69% of par, yielding 7.61% on Aug 1, according to LCD, a division of S&P Capital IQ.