Music plays on in high yield after Thanksgiving

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By Mike Turner, Owen Sanderson
04 Dec 2019

Fixed income investors are eager to close the books on a strong year for returns in high beta credit, and are sitting on their hands, hoping to avoid a repeat of the ugly end to 2018. But still the debut borrowers come.

Returns for European high yield so far this year are in the 8% area, according to Markit and JP Morgan research, having been dragged higher by the summer’s round of central bank easing and diving rates. 

All this might suggest it is not the ideal time to bring debut ...

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