A powerful technical rally in the high-yield market showed no signs of abating in October, as the market delivered its fifth consecutive month of returns of 1.2% or better. And following the resolution of the presidential election, the high-yield market appears to be advancing to a new peak for 2004.
According to Merrill Lynch, the average high-yield bond is currently at about 104 cents on the dollar. This year’s peak was on January 23 at 105.6 cents on the dollar and the highest aver
The week on Risk.net, July 7-13, 2018Receive this by email