Our favorite stories making the news – 20 Oct

This year has been a significant one for high yield bonds, as investors chase attractive yields buoyed by hopes that default rates will remain near their historic lows …US high yield bond issuance hits $12 B

A new record for junk bonds …Junk Bond Premium Jumps to Highest in More Than a Year in Europe

Liquid alternatives are a new commodity …The Evolution of Liquid Alternatives

A different perspective of the Volcker Rule  …Did Bank Rules Kill Liquidity?