Action looks certain in HY, but who’s first?

01 Jul 2011

The European high yield bond market is getting ready for a final spurt before the summer break, with several deals expected to enter the primary market as early as Monday next week.

Equity and credit markets were becoming more supportive for new issues by Thursday, after the Greek government won three crucial votes to implement an austerity package, allowing the EU and IMF bailout to continue.

The Markit iTraxx Crossover index fell another 17bp on Thursday to 396bp, after recovering ...

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