Best bank for high yield corporate bonds: Credit Suisse

Credit Awards Americas 2010 winner: Credit Suisse – Best bank for high yield corporate bonds

Brent Patry, Credit Suisse

Risk aversion may be the dominant characteristic in the government bond market this year, but there is little evidence of it in credit. By mid-September, new issuance of US high yield bonds totalled $168.5 billion, according to Dealogic, better than the previous full-year record of $163.3 billion set last year.

But the surge of supply has been well supported by an investor base searching for yield. The yield on the Credit Suisse HY index is 7.65%, compared with 8.71% at the end of 2009 and 18.9%