HY banks split into bulls, bears as summer pipeline groans
European high yield market participants are divided over the outlook for new issuance in the next few weeks. While bullish bankers expect the market to get busy as early as next week, their bearish counterparts are already planning to quit the office.
“I want to go on holiday until September,” said one leveraged finance banker. “I was hoping to see less volatility this week, but we are still getting pretty big moves on a day-to-day basis.”
The banker did not expect much activity in July, but said next week would
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