High Yield Bond Fundamentals Improving Despite Record Issuance
June 07, 2021 at 15:25 PM EDT
By Ryan O’Malley, Fixed Income Portfolio Strategist High yield corporate bond issuance is up 93% in 2021 – from $106 billion in 2020 to $206 billion year-to-date. Corporate bond investors typically view such large increases in high yield issuance as a negative for credit fundamentals, as it usually...