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High yield

Secondary market liquidity

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

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