Despite hopes that 2016 would start off on stronger footing than 2015 closed, market volatility intensified in January. The Merrill Lynch HY Cash Pay Bond Index continued to demonstrate substantial downward pressure driven by macro volatility rooted in global growth prospects. Average bids hovered south of 86.5 by the end of last month, down from 89.16 at year end. At the same time,
Previous Post: Middle Market Deal Terms at a Glance – Feb 2016
Next Post: Markit Recap – 2/8/2016