Five to 12 days of stability needed in European HY
With the European high yield market still facing volatility, new issuance seems at least a week of stability away, say bankers. Some even think two weeks’ recovery are needed before the new issue market can wake up from its summer sleep.
I get all these disheartening runs from my traders saying the yo-yo continues and it feels schizophrenic and all these not really reassuring things, said a high yield banker. Sentiment just isnt there to want to put on risk.Bankers agreed that the seven year 400m and $400m ...
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