How low can high yield go?

high yield market


Judging when an asset class is going to reach its apex can be a distressing call for portfolio managers to make, but the high-yield corporate bond market seems to have a plentiful supply of eager proponents that are willing to continue to push spreads tighter and tighter. However many are beginning to wonder how long the tightening trend can last.

A stronger economic outlook, low volatility, a positive equity market, lots of available cash on hand and a litany of other rosy indicators have lent

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