Scandi High Yield Weekly - 28 April, 2015
Danske Markets | Apr 28, 2015 02:01AM ET
Synthetic HY credit spreads tightened last week. The iTraxx Crossover tightened some 14bp over the week.
Despite significant intra-week spread widening, the Nordic HY cash market (measured by our Nordic HY index) ended the week on a moderately upbeat note by tightening some 9bp.
Our house view is that strong corporate credit fundamentals and robust appetite for riskier assets - driven by the hunt for yield - will continue to keep spreads at tight levels despite some short-term volatility (in the absence of any major credit event, such as a Greek default or the like).
We plan to publish our Scandi High Yield Handbook, covering some 45 Nordic bond issuers, tomorrow.
Scandi High Yield Weekly - 28 April, 2015
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