Mid-Year Update: A Look at the High Yield Market
July 28, 2015 at 07:00 AM EDT
I have seen every cycle since 1985 and while this cycle which began in 2009 has not been without a few warts, it has also been very different and far more conservative than many of these prior cycles. The majority of issuance was and continues to be for refinancing activity. This lowers interest...