Investors’ hunt for higher fixed-income returns has powered sales of low-rated corporate bonds to a record.
U.S. companies, including medical supplier Medline Industries LP and videogame maker Roblox Corp. , have sold more than $455 billion of bonds with speculative-grade credit ratings this year through Monday, according to S&P Global Market Intelligence’s LCD. That already beats the full-year total for 2020, when junk-bond sales set a then-record of $435 billion.
