Indexology®: If You’re Not in the Loans Then You’re Not Getting the Bonds
November 11, 2014 at 06:30 AM EST
There is an axiom among the capital markets desks of investment banks that goes something like this: “if you’re not in the loans then you’re not getting the bonds”. The reasoning behind this statement is this: Other than fallen angels, the issuers of high yield debt are companies whose access to...