DWS | The USA is a divided nation. This idea has been repeated for some time in reference to American politics and society. However, since the end of the financial crisis, this division is increasingly palpable also in the economic sphere.
The re-opening of the primary debt market for companies on both sides of the Atlantic, from which companies in the high yield segment also benefit, is good news given that it shows the reduction of investors’s fears and, more important, means a respite for the companies able to access again market financing. The primary high yield market in the US accumulate 41 days without operations, the longest drought in the registers of Dealogic, which began in 1995.