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Market Wrap

LevFin Wrap - HY gets the gravy, Italian eyewear looking shady

Huw Simpson's avatar
Kat Hidalgo's avatar
  1. Huw Simpson
  2. +Kat Hidalgo
12 min read

High Yield - Primary

Issuance remains strong, year to date volumes (€65bn equiv.) are now more than double last year's €30bn across Euro and Sterling tranches.

Before we turn to primary, a quick teaser for next week's full year and first quarter sales report. Top lines across high yield have begun to normalize, with notable bounce-back in the consumer discretionary space, despite lagging growth among energy and industrials.

LTM Sales growth, by Industry
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