Investors are gorging on every part of the US debt spectrum, but especially high yield. Returns are high, volumes are at record levels and spreads are tightening. Is it too early to call the top of the market?
Apparently he’s never had it so good. And that’s starting to make some people nervous.
Henry Hravis, co-founder of Kohlberg, Kravis and Roberts, recently pointed the way for the private equity sector in his comment to Bloomberg in March that the financing achieved on KKR’s recent acquisition of San Francisco that we have ever done.
The high-yield market in the US is booming. Volumes are flying. Spreads are tight, and dealers expect them to get tighter still.
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