For the companies that are able to raise money in the public junk market, the cost is already higher and likely to increase.
The firm had fees of $341.4 million in the junk market.
But for those who think that a recession is in the cards, the junk market has become a bit expensive.
But the documents already available should be required reading in the junk market and the mutual fund industry.
With its departure and the collapse of the junk market, no one else has taken over the role.
"What happened in the junk market just paralyzed us for a while."
That is what happened when the junk market collapsed in 1990.
The junk market has had the jitters since late summer.
Despite Tuesday's rally in the junk market, trading has been very light.
Since then, the junk market has been struggling to recover.