- The US high-yield market faces a deluge of corporate bond supply that is starting to overwhelm debt investors, according to Goldman Sachs' head of credit strategy.
- Risk premiums in high-yield debt have climbed to a five-month high as the supply surge pressures credit markets.
Quotes
“A surge of corporate bond supply in the US high-yield market is starting to overwhelm debt investors, pushing risk premiums to the highest level in five months”