Global high-yield issuance in November had the lowest monthly volume in 13 years due to turbulence in the credit markets and expectations that defaults are rising, according to a new report.

Volumes last month were $918m (€721m) via 22 deals, the lowest since January 1995 when there was $1.2bn of high yield issuance, according to Dealogic, the investment banking research provider.

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Junk bond issuance drops to 13-year low

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