With oil prices falling again on Wednesday , signs are pointing to another tough day for high-yield bonds in general, and energy bonds in particular. The most actively traded junk bond Wednesday was an 8% note due 2022 backed by California Resources Corp, according to MarketAxess. It recently changed hands at 69.25 cents on the dollar, down from 70.25 cents Tuesday and 72 cents Monday. The average yield for all high-yield bonds in the Bloomberg Barclays index was 5.86% Tuesday, up from 5.78% Monday and its recent low of 5.31% on Oct. 24. Yields rise when bond prices fall. The energy sector is the second worst-performing of the S&P 500’s 11 groups so far this year, falling roughly 10% while the broader index has gained around 15%. Only telecommunications stocks have performed worse, losing 20%. The recent selloff in junk bonds has been heavily concentrated in the telecom sector […]