One bond drags down the entire new-issue sector: Skydance's (SKYD.US) $30 billion new bond underperforms investment grade by 27 basis points, the worst in six and a half years.

Zhitong Finance APP has learned that JPMorgan stated that the high-grade bonds issued by Skydance (SKYD.US) on September 30 subsequently suffered a sell-off, causing this batch of new bonds to underperform the overall market by the widest margin since the worst period of the COVID-19 pandemic.