High hopes for high yield as hiring war begins

19 Jul 2010

The sure sign of a bright future for a particular market is when banks begin hiring heavily — and that’s exactly what has been happening in high yield, as competition between bookrunners heats up.

Since the end of 2009, analysts and bankers have been predicting that this year could well turn out to be a record one for Europe’s revived high yield market.

The recent flood of new issues, which have brought volumes to about Eu25bn so far in 2010, have more ...

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