High-Yield: UBS “Barbarians at the Gate”

High-yield update from UBS: Barbarians at the Gate

Recent credit market stress has captured the attention of all market participants due to its speed and ferocity.

UBS's Global Credit Strategy team summed up the events of the past few days in a research note issued to clients yesterday. Titled Barbarians at the Gate, UBS's credit strategists Matthew Mish and Stephen Caprio tried to answer some critical questions credit investors have been asking during the past few days.

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