A Goldman Sachs Group Inc. basket of companies with weak balance sheets advanced for a fourth straight session, extending its gain this week to 3.3 per cent. That compared with a weekly return of about one per cent for a Goldman basket of companies with sturdy finances.
The freeze in the high-yield primary bond market also showed signs of thawing, with one issuer pricing a deal on March 28 at terms that indicated demand still remains intact. The offering was the first since March 2 in the junk-bond market.
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