High-yield ploughs on through volatility

Newswire

LONDON, Nov 3 (IFR) - Europe's high-yield bond market displayed signs of strength on Thursday as French car parts maker Faurecia said it was increasing the size of its debut bond despite one of the most volatile days in recent months. The Ba3-rated company, owned by Peugeot, delivered a strong sign that cash-rich investors are prepared to put money to work even in rocky markets, provided issuers are prepared to compensate them for unstable market conditions. By 15:30 GMT, the iTraxx ...

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