Are EU, US high yield markets decoupling?

US vs Europe 230x150
By GlobalCapital
16 Oct 2014

Bankers in Europe are divided on whether the high yield market is moving in a different direction from that of the US, sucked down by gloomier investor sentiment and with issuers staying away in hope of improvements in macroeconomic data later in the year or even waiting for 2015.

Bank of America Merrill Lynch research showed that in the week ending October 10, high yield fund outflows continued for the sixth week for European-domiciled funds, while their US counterparts registered a recovery.

US high yield funds bounced back with an inflow of $807m, BAML reported, while ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial