High Yield flying high

High Yield

pg35-wires-gif

Gauging the look of the high-yield market in 2006 may not be such a hard call to make, as consensus is that the year will develop along much the same path as 2005. The strong momentum has continued into the new year with the three-year downward trend in default rates continuing to provide good support for the market. In February, speculative-grade default rates hit a historical low of 1.8% globally, 2.4% in the US and a seven-year low of 0.5% in Europe, according to Moody's.

"We do not see an

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: