Companies sell high-yield bonds at fastest pace in years

03/22/2010 | Bloomberg

Because the economic recovery appears to be gaining steam, companies worldwide, including French automaker Renault and U.S. Steel, are selling high-yield bonds at the quickest rate since 2007, when credit markets froze. "Investors are much more sanguine about risk than they were just a few months ago and are taking on more to get a higher yield," said Paul Owens, credit analyst at Liontrust Investment Services.

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