US and Europe diverge as loan trading bands emerge on the continent

By Sayed Kadiri

Monday, June 29, 2020

Europe and the US are on different courses with credit indices having drifted apart over the past month, say trading sources. Europe is expected to suffer fewer defaults to the extent that "it’s getting quite difficult for borrowers to default”, as one source put it. But the US has "higher growth potential due to its more dynamic economy"

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TAGS: Europe High yield bonds Pimco Secondary market Leveraged loans Performance North America Janus Henderson Synthetic/SRT

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