The high-yield market continued to build momentum last week as consolidation and refinancing drove activity in the secondary market.

Participants said that the buildup in junk bond issues delayed from the late part of 1997 and priced in the last few weeks created a fairly decent activity level in a time of year that normally would be quiet.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.