Wary US HY investors buy $2bn, one pulls

29 Sep 2011

Concerns over economic growth and the European debt crisis are depressing the high yield bond market, not only in Europe, but in the homeland of high yield bonds, the US.

"The market is demonstrating a lot of risk-aversion," said a US leveraged finance syndicate banker, noting that the tone in high yield was more sceptical than in the equity market. "Today, you’ve got the Dow up 200 points but in the high yield market the CDX is only ...

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