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Europe’s high-yield bond market begins recovery

Riskier debt is making a comeback after the market virtually closed during the Greek crisis

Europe’s high-yield bond market begins recovery

A slew of European companies readied new financing deals on Monday after the market for riskier debt ground to a virtual standstill at the start of the month during the Greek crisis.

The pause in market activity has created pent-up demand for cash from European companies that had been sitting on the sidelines. Uncertainty regarding Greece created choppiness in markets, which made investors wary of buying new bonds and added to the difficulty of pricing debt issues.

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