Fed’s high yield move lifts euro HY sentiment — but where are the deals?
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Fed’s high yield move lifts euro HY sentiment — but where are the deals?

Federal Reserve

The Federal Reserve’s decision to start purchases of high yield exchange traded funds and ‘fallen angel’ cash bonds has boosted the tone in European high yield, with syndicate bankers flagging an open market for the right names and sectors. But issuers remain on the sidelines, and dual-currency companies may opt to tap the dollar market instead.

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