LCD’s online High Yield Bond Market Primer has been updated to include second-quarter 2015 and historical volume and trend charts.
The Primer can be found at HighYieldBond.com, LCD's free website promoting the asset class. HighYieldBond.com features select stories from LCD news, weekly trends, stats, and analysis, along with recent job postings.
We’ll update the U.S. Primer charts regularly, and add more as the market dictates (new this time around: LCD's "What is a high yield bond?" explainer video).
Charts included with this release of the Primer:
- US High Yield Issuance – historical
- 2015 High Yield Issuance, by Purpose
- High Yield LBO Issuance
- Cash Flows to High Yield Funds, ETFs
- PIK Toggle Issuance (such as it is in 2015)
- Yield to Maturity: Historical, Recent
LCD's Loan Market Primer and High Yield Bond Market Primer are some of the most popular pieces LCD has published. Updated annually (print) and quarterly (online) to include emerging trends, it is widely used by originating banks, institutional investors, private equity shops, law firms and business schools worldwide.
Check them out, and please share them with anyone wanting an excellent round-up of or introduction to the leveraged finance market.