Stick or twist for high yield investors


Investors who gambled on high yield at the start of 2009 are piling up the chips thanks to returns of 35% year-to-date. But uncertainty over high yield default rates and the prospect of an increase in refinancing risk in the long term have left many investors with a dilemma: quit while they’re ahead, or stay in the game and risk giving back some, if not all, of those winnings.

Until recently, the widespread assumption was that the focus of activity in the European credit market in 2009 would be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here