Junk bonds are heading for worst month since 2022 after punishing global selloff

September is shaping up to be a rough month for U.S. junk bonds, marking their worst performance since 2022 due to a global selloff. High yields aren't enough to offset the losses amid rising market volatility. This downturn signals a challenging environment for investors seeking high returns on riskier assets, potentially impacting corporate funding strategies and economic growth projections. The selloff reflects broader economic concerns and could lead to tighter lending conditions and higher borrowing costs for businesses.