High yield
Continuing tight spreads drove liquidity in the high-yield sector of the dollar corporate bond market over the quarter, and business was still being done even when the stock market turmoil hit at the end of February. In such an environment JPMorgan retained its position as number one high-yield liquidity provider in our survey, keeping Deutsche Bank in second place in both the 'own deals' and 'all deals' categories.
Kevin Corgan, head of high-yield trading at JPMorgan in New York, believes the
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