High yield

Being active in the primary market is a boon for investment banks' performance in the secondary market, but as our October secondary market liquidity survey of the dollar high-yield market shows, it's no guarantee of a place at the top of the table.

Credit Suisse has been most busy in the sector as a bookrunner, accounting during the last three months for $3.18 billion of issuance compared with the closest contenders, Citi and JPMorgan, with $2.33 billion and $2.19 billion respectively. But t

To continue reading...