The New Junk Order

O'Leary, Christopher
October 2006
Investment Dealers' Digest;10/30/2006, Vol. 72 Issue 41, p14
Trade Publication
The article reports on the condition of high-yield market in 2006 in the U.S. High yield has never been healthier since, defaults linger at record lows and new issuance volume is at record highs even as complexity rules. According to Brian Wolfe, head of high-yield capital markets at Jefferies, high-yield market of has become a hierarchy with a host of large, multi-billion dollar deals.


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