Global High Yield - Historic Rout Provides Attractive Entry Point
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Titel Global High Yield - Historic Rout Provides Attractive Entry Point
Type URL
Categorie Markt & Macro
Publicatiedatum 22-07-2022

Omschrijving

High yield markets took a significant turn during June and consequently spreads, sentiment and distress levels deteriorated quickly. The Fed’s outsized 75bp hike and a surprise contraction in consumer spending in recent weeks drove concerns for retailers specifically. Investor flows have also been negative.

However, on the balance of risks, a significant spread cushion has now been built-in making new allocations to high yield quite attractive.