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Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks |
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So a boom in high-yield bond and leveraged loan issuance has provided a welcome bright spot for bank chiefs already worried about how investors will receive their quarterly results.
The resurgence in leveraged debt issuance could also make a contribution to market stability – another welcome result as sovereign debt worries resurface and gloom about the global economy spreads.
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