Traders said that prices of most high-yield issues fell by about 3/4 point yesterday on thin volume.
Gains of a point or more were recorded by many other widely traded high-yield issues.
In the corporate debt market, meanwhile, prices were also under pressure, particularly among high-yield issues.
Prices of most high-yield issues were little changed on the day.
Traders said that prices of most high-yield issues rose by about 1/2 point yesterday.
Market participants said prices of most high-yield issues were unchanged to up slightly in very light trading.
And the good feeling spilled over into most other high-yield issues, where price gains of two points or more were recorded.
Among new high-yield issues in the third quarter, 45 percent were rated B- or lower.
Prices of most high-yield issues were little changed in light trading yesterday, dealers said.
By late in the day, prices of most high-yield issues were down by about 1/2 point.