Optimism on high-yield corporates is rising as spreads have tightened

Optimism on high-yield corporates is rising as spreads have tightened The recent resurgence in inve...

Optimism on high-yield corporates is rising as spreads have tightened The recent resurgence in investor risk appetite, brought on by the view that the worst of the credit crisis is behind us and the global economy is now on some kind of recovery path, has seen the performance of government and corporate bonds diverge. Government bonds have begun to struggle in an improved risk environment, amid mounting concerns over government debt levels. High-yield corporate bonds, on the other hand, have attracted all the positive attention recently, as spreads have tightened across the board, yield...