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High yield party sours as rates rise and funds flee

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By Stefanie Linhardt
13 Jun 2013

Europe’s high yield market, which has enjoyed one of its longest unbroken runs of favourable market conditions since last September, has hit a nasty rough patch. After all the triumph over unprecedentedly low coupons and a record first half of issuance, the music has not quite stopped — but it has been turned right down.

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By Stefanie Linhardt
13 Jun 2013