Deals
JPMorgan Expects $32.9 Billion Junk-Rated Debt Sales This Autumn
- Technical conditions in Europe are best in years, lender says
- Investors now taking more cautious approach to risk: BlackRock
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Investor demand for higher yields will help fuel about 30 billion euros-equivalent ($32.9 billion) of speculative-grade debt sales over the next two months, estimates by JPMorgan Chase & Co. show.
That would help salvage what’s been a luckluster year for high-yield bond and leveraged loan sales in Europe, which are collectively down 23.6 billion euros compared with the same period of 2018, according to data compiled by Bloomberg.