Tag Archives: High Yield

The impact of the technology tantrum on US corporate bond valuations

Bond Vigilantes 17/04/2018  

It is fair to say that markets have become more lively of late. One sector in particular has been the epicentre of revived market volatility – Technology. In the US… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Can ESG analysis help improve high yield returns?

Bond Vigilantes 06/02/2018  

Some of the worst performing bonds in the European high yield index in 2017 all had weak Environmental, Social, and Governance (ESG) scores according to MSCI. Is this is a… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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2017 High Yield Review – Another Solid Year

Bond Vigilantes 05/01/2018  

Good performance after an exceptional 2016 2017 was another good year for high yield investors with the global high yield index delivering a total return of 8.0% (in USD terms),… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Floating rate versus fixed rate high yield bonds.

Bond Vigilantes 19/12/2017  

What are the breakeven scenarios for the next 12 months?
Short term US dollar interest rates continue their march higher… Read more »

Low yield, low quality, weaker covenants

Bond Vigilantes 28/11/2017  

When investing in companies of a lower credit quality, loss given default risk is the key threat that investors have to assess. Consequently, covenant protection is a crucial consideration before… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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The hunt for emerging market yield is killing covenants

Bond Vigilantes 24/10/2017  

Would you buy a 7-year unsecured bond at 6% yield from a B1/B+ rated Brazilian airline (first time issuer) with well-below-standard credit covenant protection for investors? Many did last week…. Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Shaky foundations: the European high yield construction sector

Bond Vigilantes 08/12/2016  

While European High Yield has delivered a robust performance over the last two years, returning on average 4.9% per year, one part of the index has significantly lagged. Over the… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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The election result impact on US high yield markets and the healthcare sector

Bond Vigilantes 09/11/2016  

As James mentioned this morning the European high yield markets’ response to the Trump election victory has been fairly benign… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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