Case study
August 2020
Renewed Growth in High Yield Market
• The US High Yield Fixed Income market has recently increased in size, after 6 years of modest decline, in sharp contrast to the very rapid growth of Leveraged Loans and Private Debt markets
• There has been a record new issuance year-to-date (August 2020) of relatively high quality bonds, with many secured bond deals
• Much of the additional High Yield market growth due to significant “fallen angels” (downgraded IG bonds)
• All of these trends have led to a 25-year low in HY credits rated B- or lower
Source: BofA Merrill Lynch Global Research, BofA Merrill Lynch Bond Indices, S&P LCD, as of July 31, 2020.
Past performance is not indicative of future performance.
Read our latest insights
Want to know more?
Contact your Relationship Manager
Get the right experience for you
Your location :
Australia
Australia & NZ
-
Australia
-
New Zealand
Asia
-
Hong Kong (English)
-
Hong Kong (Chinese)
-
Singapore
-
Japan