Junk Bonds Have Never Traded This Much Before, JPMorgan Says

Traders in the $1.4 trillion junk bond market have had a record year: they’ve never traded this much per day, according an analysis by JPMorgan Chase & Co.

Average trading volume for high-yield bonds has hit a record $17.1 billion a day so far this year, a 14% increase from trading volumes last year, JPMorgan analysts including Nelson Jantzen wrote in a note, citing data from the Financial Industry Regulatory Authority.