What’s To Worry! June Is Record Month For Junk Bond Issuance

Companies rushing to shore up cash during the Covid-19 pandemic are fueling the busiest June ever in the U.S. junk-bond market.

Through Friday, companies have raised about $45.5 billion this month. That puts it on pace to be the busiest month since $46.4 billion was sold in September 2013, the former record since 2006, according to data compiled by Bloomberg.