CommScope Preps Biggest Junk Deal Since 2017 in $3B Offering

The video discusses the resurgence of the bond market, highlighting CommScope's $3 billion deal to fund its acquisition of Aris. The primary market is showing signs of recovery, with high yield issuances increasing after a period of inactivity. Investor interest is high, leading to oversubscription of deals. Despite unchanged fundamentals, technical factors are driving market strength, with many deals receiving multiple times the orders compared to what issuers are seeking.

What has been the trend in spreads in the high yield market since the beginning of the year?

What does the text suggest about the outlook for the primary market?