Investor demand for dollar high-yield bonds has remained strong throughout 2009 as the asset class performed well amid financial turmoil. This year, total issuance of high-yield bonds has exceeded $144 billion. The previous record was reached in 2006, according to Dealogic. A Merrill Lynch index shows that returns on high-yield bonds in 2009 have been running at 56%, while the previous record was 39% in 1991.
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