European HY ducks latest US loose cov craze

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European HY ducks latest US loose cov craze

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Man with hand on ear listening for quiet sound or paying attention | Brian Jackson - Fotolia

While fund managers and issuers' law firms in the US go to war over protection covenants for high yield investors, European market participants are intent on dodging a similar conflict. But investor advisers say bond buyers should check the fine print in Europe, too.

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