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The US economy continues to be in very good shape. This was the message delivered by the Federal Reserve Chair Jerome Powell at the end of August: he sees a robust US economy and positive momentum, expecting the strong performance to continue.

Fears over Chinese currency

Relative value strategies useful

To circumvent the interest rate and the liquidity risks in high yield, Olivier Debat, senior investment specialist, global & absolute return fixed income, at Union Bancaire Privee, looks at if CDS indices are the answer

Where now for bonds?

High yield analysts and managers have warned some of the largest funds in the sector are being hit by a liquidity crisis.

Hermes' Fraser Lundie has outlined four golden rules investors should follow to invest successfully in high yield bonds, at a time of strong headwinds for the asset class.

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.