With the 30-year Treasury bond yield at its lowest level since January, the biggest corporate issuance month ever, issuers should have flooded the market yesterday.

They didn't. Instead, about $1 billion of new debt, a good slice of it junk, arrived.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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