Sycamore Tree's Trey Parker, Market Recap, 3M and Cineworld: State of Distressed Debt
FICC Focus
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Is It Time to Get Back Into High Yield?
The first half of the year was absolutely horrible for credit, the distress markets. We've had it as high as 86 % of hi yields distress, but usually distress cycles will take you up to at least 24%. So that's where we were at the end of june. And then for two straight months now, july and august, we've seen distress supply climb down - which is good news for the world.
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