| that they’re accepting less compensation than holders ofloans, which get paid first in bankruptcies.Yields on U.S. speculative-grade notes have fallen to 6.29percent, 1 basis point less than a measure of what’s being paidby senior secured loans, according topaying an average 103 basis points, or 1.03 percentage points,more than loans over the past three years, JPMorgan data show.Junk-bond buyers are... |
