As markets enter the final phase of 2012, one of the key themes of the year so far is the prevalence of the Yankee trade. Both leveraged loan and high-yield bond issuance have seen a notable spike in such deals this year, ensuring that 2012 will contain the largest annual Yankee supply for both markets since LCD began tracking high-yield in 2006.
This analysis is abstracted from a longer LCD New story, available to subscribers, also includes:
- European borrowers, leveraged loan volume, by purpose
- Yankee high yield bond volume