High yield defaults through mid-March has 10 issuers going for $4.1B vs. just 4 firms for $800M...

|By:, SA News Editor

High yield defaults through mid-March has 10 issuers going for $4.1B vs. just 4 firms for $800M this time last year, reports Fitch. In the meantime, bullish sentiment is high, with 90% projecting a default rate of 3% or less, 80% expecting looser lending standards, and 68% believing spreads will tighten. Flows into high yield funds have been positive for 15 straight weeks.