Long-Term Bonds Stay Rare for HY Market

Sheahan, Matthew
July 2010
High Yield Report;7/26/2010, Vol. 21 Issue 30, p21
The article describes the state of long-term bonds in the high yield market. It was observed that the issuance of long-term junk bonds are being deterred by low credit quality and market volatility. Diane Vazza, head of global fixed income research at Standard & Poor's, admitted that it is difficult for a company in the single-B or lower category to issue longer-term debt. Mike Simonton, a managing director with Fitch Ratings, is optimistic that debt tenors can expand slightly with investors becoming more confident in the economic recovery.


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