Companies raised a record $11.7 billion in the high-yield bond market last week, according to Thomson Reuters. The previous record of $11.4 billion was set in November 2006, at the height of the credit boom. Investor demand is at a high despite a financial panic that led many high-yield issuers to default last year. "A year ago everyone thought the world was ending, few people would invest at any price, and that brought the bargains of a lifetime," said Oaktree Capital Management Chairman Howard Marks. "Today the market isn't overpriced or underpriced, so success lies in buying the right credits."