Feature

The US high yield market spread, measured by the option-adjusted spread on the Bank of America/Merrill Lynch US HY Master II index, has been on a rising trend since the end of 2014. As at the end of January 2016, it sat at around 770 basis points, which...

Back 'pro-active' companies

US high yield bonds are attractive

Media sell-off

Deepening pool of return

Signs of price stabilisation

Oil-importing nations boosted by lower costs

Rising rates also a boost

Valuation anomalies

ECB stimulus not enough