High yield corporate bonds returned over +15% for the twelve months ended June 30th, building on a strong five-year run that was interrupted by a short, but painful, drop at the onset of COVID-19. Chart 1 indicates that high yield bonds compound at a remarkably steady rate, with infrequent but severe drawdowns during times of financial stress.
Jul
07
2021
Research Preview: High Yield’s Heyday
tags
High Yield Bonds Corporate Bonds Cumulative Returns Interest Rates Credit Spreads Cyclical Reversal ETFsLogin
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