The US high-yield market saw a surge of supply last week as borrowers jumped into the market after earnings season and ahead of the holiday slowdown. An impressive 13 borrowers announced new deals on Tuesday after the Veterans Day holiday, kick-starting a traditionally busy pre-Thanksgiving market window. "There's a mad dash to get things done before Thanksgiving and the holiday," said one high-yield portfolio manager. "We're also through the earnings calendar which has taken companies out of black out periods."
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