High-yield interest



Q. Hedge funds have previously been involved in convertible and distressed high yield, but their interest in the broader high-yield market has grown substantially over the past couple of years. What are the drivers of this growth in interest and participation?

A. With more than $800 billion of bonds outstanding in the US market alone, hundreds of issuers, and spreads and yields that offer more potential volatility and profits than its investment-grade counterpart, the high-yield market cannot

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