Reverse Yankee go home, say HY investors

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By Victor Jimenez
07 Aug 2017

US borrowers have ramped up issuance in the euro high yield bond market so far this year, but investors described it as a "bad thing" in a recent credit investor survey by Bank of America Merrill Lynch.

“Reverse Yankees are this year's buzzword,” in the European corporate bond markets, said BAML credit analyst Barnaby Martin in the bank's latest survey of investors.

But while the buzz is welcomed by investment grade fund managers, its sound is sparking alarm among their high yield counterparts. Half of the ...

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