277 days ago • Posted by Charles-Henry Monchau

For the 1st time ever, a 10-year Junk Bond trades below 3% yield

The US Junk bond market set a record-low coupon today with a Ball Corp deal. The aluminum packaging company, is selling 10-year notes at a 2.875% yield. As Bloomberg notes, about 40% of high-yield deals sold last week priced at a yield of less than 4%.

Ball Corp 10-year yield below 3%