Financial Times – 12/1/14
“Bankers want to push deals and issuers are looking to take advantage of lower yields,” said Michael Kastner, managing principal at Halyard Asset Management. He expected a flurry of deals before the middle of December, though investors had become more discerning about credit risk, he said.
“Corporate deals are not getting done as easily as they were a couple of months ago. Investors are a little more selective on credit at the moment.”