ID 55251082 © Rfischia | Dreamstime.com

Leverage need not be a bad word? Well, maybe.

That is certainly true if you look at very short-term trends since the turn of the year for the secondary leveraged loan market in Europe, which are highlighted below.

However, longer-term trends are less meaningful at a time when it is hard to gauge the appetite for many risky assets from the 110 trading level of $/¥ exchange rate – the Japanese yen typically appreciates as a value reserve in the bad times. Meanwhile, ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.