Is High Yield Nearing A Turning Point?

O'Connor, Colleen Marie
May 2006
Investment Dealers' Digest;5/15/2006, Vol. 72 Issue 19, p11
Trade Publication
The article reports on the effects of increasing federal interest rates on the high-yield market in the U.S. Robert McAdie, the head of global credit at Barclays Capital Inc., believes that the tightening of federal rate can widen credit dispersal. Christopher Garman, high-yield strategist at Merrill Lynch, states that inactivity in high-yield issuance is definitely a supply-side phenomenon.


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