Yield Curve Moves Provide Another Tailwind for Fallen Angels
July 24, 2021 at 11:00 AM EDT
By Nicolas Fonseca, CFA, Associate PM Fallen angel high yield bonds1 have continued to outperform broad high yield2 in a variety of market conditions. In Q2 2021, fallen angels’ longer duration contributed to their 1.87% outperformance over the broad high yield bond market. The segment also...