BAML drops US high yield forecast
Bank of America Merrill Lynch dropped its issuance forecast for this year by $20bn on Monday, in the middle of what is usually the busiest month in the primary market calendar for US high yield bonds.
BAML revised its full year forecast for the US high yield market to $250bn, down from an original $270bn, analysts from the bank said on Monday.“It looks like the slowdown in issuance we have experienced in recent months is here to stay, in a longer-term sense, although things ...
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