Tax Reform: Implications for the US High Yield Bond Market
January 18, 2018 at 11:38 AM EST
By Eric Legunn, Deutsche Asset Management The Tax Cuts and Jobs Act passed in late 2017 poses a few important changes that will affect the U.S. high yield bond market. Some key elements of the new tax plan include: the U.S. corporate tax rate will decline from 35% to 21%, the amount of interest...