Market Wrap
LevFin Wrap - HY gets the gravy, Italian eyewear looking shady
- Huw Simpson
- +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.