Junk bond recovery offers hope to Norway

A recovery in Norway's junk bond market trading is opening the door again for companies hammered by plunging oil prices.

Investors have returned and are driving yields lower, said Roar Tveit, who manages a 4.6 billion-krone ($570 million) bond portfolio at Holberg Fondsforvaltning AS in Bergen, Norway.

"There are a lot more buyers in the market and prices in the secondary market have started to rise," Tveit said.