ôInvestors like the credit but they are not willing to commit in these markets, especially after the disappointing pay-roll numbers out of the US on Friday which saw the bond market open still weaker this week,ö says a source close to the deal. ôTiming-wise, this isnÆt the best time to bring a deal to market, but itÆs up to the client to decide which way it wants to go.ö
The iTRAXX Asia ex-Japan high-yield index has widened to a new all-time high of 634bp, from Friday's...
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