High Yield Bond Prices See Largest Trading Slide In 15 Months

The average bid of high-yield flow-name bonds dropped 68 bps in today’s reading, to 100.9% of par, yielding 6.94%, from 101.58, yielding 6.7%, on Sept. 25, according to LCD. It was a broad-based decline, with 13 of the constituents in the red, against two small gainers.