Chronic supply shortage 'worrying' for market stability

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Chronic supply shortage 'worrying' for market stability

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Luca Galuzzi - luca@logical.it

The sheer amount of excess liquidity in the leveraged finance market in Europe has initiated a relentless repricing wave. And on Tuesday, the head of leveraged finance at a bank in London went as far as to say that the supply/demand imbalance was so extreme it threatened medium term market stability.

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