Higher yields on recent new issues have thawed the cold shoulders traditional junk buyers turned to the first quarter's new high-yield offerings.

"With yields increasing, we are starting to draw the more traditional high-yield buyers back into the marketplace," Steven L. Patricola, a vice president in BT Securities Corp.'s high-yield research group, said recently.

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.