The prospects for the high yield market over the next couple of years are good. Retail demand has be...
The prospects for the high yield market over the next couple of years are good. Retail demand has been incredibly strong and investors are hunting for yield as government bond yields have fallen so sharply. This is despite a credit crunch last year, which was precipitated by the collapse of Long Term Capital Management and the default of Russian bonds. The future now looks far more encouraging despite a steady issuance flow through 1999 and further issuance expected next year. The dominance of the concept of shareholder value across the UK and the gradual acceptance in Europe, is encoura...
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