Vaccine hope and election results
impact the secondary markets
Source: Debtwire Par
Leveraged loan and high yield bond secondary markets saw an uptick in volatility ahead of the US General Election, with term loans posting a 61bps decline in weighted average bids in the 26 October to 2 November time frame and high yield bonds losing roughly 100bps over the same period.
This trend was reversed as optimism took hold of markets following Election Day in the US,
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