The riskiest slice of Europe’s high-yield corporate bond market faces a hazardous road ahead, cautions Goldman Sachs Group Inc. Europe’s lowest-rated bonds are grappling with a raft of upcoming ...
Over the last year, investors bid up valuations on leveraged loans repackaged into bonds, known as collateralized loan obligations, compressing spreads on the riskiest slices. Spreads on CLO bonds ...
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