Kenny Watson on Bonds

The European high yield corporate bond market has come a long way since the dark days of 2008, when it fell by 35% and was effectively closed to corporates looking to issue high yield bonds. The European high yield market has increased in size and also diversity. As commercial banks have been focusi...

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Bibliographic Details
Published inInvestment Week p. 27
Main Author Watson, Kenny
Format Trade Publication Article
LanguageEnglish
Published London Incisive Media Limited 21.04.2014
Subjects
Bond markets
Central banks
Economic growth
High yield investments
Europe
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Summary:The European high yield corporate bond market has come a long way since the dark days of 2008, when it fell by 35% and was effectively closed to corporates looking to issue high yield bonds. The European high yield market has increased in size and also diversity. As commercial banks have been focusing on deleveraging their balance sheets, this has resulted in more and more companies raising finance via the capital markets, resulting in an increased number of new issuers. Positive economic growth expected for 2014 looks set to offer future support to the market.