High yield’s correction is good for the market

27 Jun 2011

After a blistering start to the year, the European high yield bond market is taking a breather as investors push back on aggressive structures. This is no bad thing.

The high yield bond market was one of the darlings of the capital markets in the first few months of this year — especially in Europe. Issuance was running at a record pace, with Eu35bn of deals by mid-June, against a full year record of Eu48bn in 2010.

That ...

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