The high-yield market rallied last week with $2.38bn (€1.69bn) of new issues, including one that increased in size, as some types of financing recover from the summer's credit slump.

Fitch Ratings said yesterday that six issuers raised $2.38bn in high-yield offerings last week, including one of the biggest deals to hit the market since September. Partially because more deals are coming to market, the Fitch high-yield pipeline dropped $1.5bn from last week, reducing it to $72.18bn overall.