Finding value in European high-yield

For professional investors only Europe’s high-yield bond market is deepening, with companies driven by structural change to raise capital in public bond markets, creating opportunities for smart securities selection, says Mike Della Vedova, head of European high-yield at T. Rowe Price. What has been the evolution of Europe’s high-yield bond market? The real change has come post the 2008-09 global financial crisis. People still think of Europe’s high-yield market as 10% of its U…