HY market grapples with tough turnarounds

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HY market grapples with tough turnarounds

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Mario Draghi, president of the European Central Bank (ECB) attends the ECB press conference in Frankfurt/Main, Germany, 04 September 2014. The ECB reduced the base rate to a historic low of 0,05 percent. Photo: Frank Rumpenhorst/dpa | Frank Rumpenhorst/DPA/PA Images

With no major new issues in sight, the high yield bond market has been dominated by the news of troubled businesses struggling to come up with credible turnaround plans.

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