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Jakema Lewis

Senior Reporter

Jakema reports on the US high-yield corporate bond market. Prior to joining LCD, Jakema covered leveraged finance, traditional private placement debt, and defined-benefit pension fund investments for SourceMedia.

Articles by Jakema Lewis

BofA lowers US high-yield, leveraged loan projections for 2025

A slowdown in US GDP and tariff-induced turbulence has resulted in “a smaller M&A boom than previously thought,” BofA said in a March 28 report.
April 2, 2025

High-yield bond market primed for late-year push

While reference rates remain higher since the September rate cut, would-be borrowers are still eyeing favorable cost trends this year.
November 13, 2024

High-yield bond issuance surges as Fed pivots

Buoyant market conditions continue to float many more boats than in years past.
October 11, 2024

High-yield market momentum builds ahead of likely rate cut

August volume hit a three-year high as borrowers flocked to market ahead of election season.
September 13, 2024

High-yield bond issuance cools after refinancing frenzy

New deals in June cleared the primary at an average 7.66% yield, shaving off more than half a point from May.
July 11, 2024

High-yield borrowers zero in on near-term maturities with refinancing push

Bond volume to address refinancing needs surged to more than $64 billion in the first quarter, reflecting a lofty 76% share of the full-quarter volume. That share was 63% in the first quarter last year.
April 5, 2024

Refinancing continues to fuel revitalized high-yield market

The cost to issue fresh paper hit a 19-month low in February, even after a sharp rise in Treasury rates.
March 8, 2024

Acrisure prints $925M high yield bond offering to yield 8.25%

Proceeds redeem in full the company’s 7% senior notes due Nov. 15, 2025, as well as pay the premiums and accrued interest to the redemption date.
January 18, 2024

2024 US High-Yield Outlook: Receding rates, imminent maturities to spur dealmaking

As rates recede and as participants embed soft-landing scenarios into their 2024 outlooks, the focus for the year ahead will shift to the impending maturity wall.
December 19, 2023

High-yield bond issuance surges; returns hit 16-month high in November

A powerful rally for fixed-rate bonds post the Nov. 1 FOMC meeting produced the best gains for high-yield in 16 months, while sparking an issuance revival.
December 7, 2023