TITLE

HY Funds Struggle to Put New Money to Work

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
November 2011
SOURCE
High Yield Report;11/7/2011, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the struggle of traders to buy high yield bond in size. It attributes the situation to lack of inventory and reluctance of dealers to show a short offering. It characterizes the market as slow to restart after shutting down amid market turmoil over the 2011 summer. It describes post-Labor Day new issuance as underwhelming. It highlights the need for a buyer of junk bonds when the market is a seller.
ACCESSION #
67336938

 

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