High Yield Bonds
In-depth reporting on investing in High Yield Bonds for our pension fund and asset management readers from IPE’s award-winning journalists.
-
NewsDutch construction sector scheme ups exposure to high-yield credit
The change in allocation is taking place in the run-up to the fund’s transition to a DC arrangement as of 1 January 2026
-
FeaturesFixed income, rates, currencies: Trump’s tariff announcements weigh on sentiment
As tariff announcements garner huge amounts of media attention, financial market reactions have been muted. Participants are trying to beat off tariff fatigue and assess the best path through all the smoke and mirrors.
-
FeaturesIPE Quest Expectations Indicator - March 2025
Political risk has risen to boiling point. Donald Trump’s talks with Russia to end the war in Ukraine, without as much as a Ukrainian presence, left the US without allies or credibility, especially in Europe.
-
NewsState Street loses £28bn of The People’s Pension’s assets to Amundi and Invesco
State Street has previously managed all of the master trust’s assets worth £32bn
-
NewsInarcassa re-invests assets in sustainable high yield bonds
The scheme also plans to boost in the next five years its alternative investments by over €900m
-
FeaturesIPE Quest Expectations Indicator - February 2025
The erosion in trust in the US is promoted by its refusal to participate in a proposed trigger force in Ukraine. In response, European defence expenses are rising, in particular in Poland, the Baltics and Scandinavia.
-
FeaturesFixed income, rates, currencies: Uncertainty reigns as Trump 2.0 takes office
Now that Donald Trump has been installed as US president, there should be more clarity around some of the timings of his probable new policies.
-
NewsUK investment industry rules out LDI Crisis 2.0 as bond yields soar
UK 10-year Gilt yield rose to 4.93% today following increased borrowing costs from government
-
FeaturesFixed income, rates, currencies: Trump 2.0 sends global markets out of sync
Trump’s re-election prompted a rally in US assets, but elsewhere in global markets investors did not react positively
-
FeaturesIPE Quest Expectations Indicator - January 2025: hard to pick short-term winners
IPE’s latest manager expectations survey finds high net sentiment across most main asset classes as allocators weigh the Trump trade
-
NewsAssociations back credit ratings in EU post-trade transparency framework
BVI, AFME, bwf, EFAMA and ICMA are asking for a distinction between investment-grade and high-yield corporate bonds
-
Opinion PiecesPreparedness: a new asset class?
Wars are famously costly. Most people would agree that preventing them is infinitely preferable to paying for them.
-
FeaturesFixed income, rates, currencies: All eyes on Trump’s return
With the Republican Party now in control of both Senate and House, the leeway that President-elect Donald Trump will have to enact his pre-election policies could be considerable.
-
FeaturesIPE Quest Expectations Indicator - December 2024
Bond expectations falling, equity mostly flat
-
FeaturesSoft landing likely again for US economy
It has been more than a year since the attacks by Hamas in Israel and tensions in the Middle East remain high, with a rising impact on financial market sentiment.
-
FeaturesIPE Quest Expectations Indicator - November 2024
Donald Trump has profited from climate change, which he believes unimportant, as this year’s hurricane season has so far seen more storms over a wider area.
-
FeaturesUS high yield bonds punch out of a corner
US high yield has come a long way from its murky beginnings with the very high yielding bonds of so called ‘fallen angels’, and Drexel Burnham Lambert’s Michael Milken offering bonds newly issued by corporates with sub-investment grade ratings for the first time in the 1980s, properly introducing the world to high yield bond investing.
-
FeaturesFixed income, rates, currencies: All eyes are on US elections
With so many important elections taking place this year, politics were likely to have an outsized influence on financial markets.
-
FeaturesIPE Quest Expectations Indicator - October 2024
In generic US polls, Democrats beat Republicans, with a small but increasing margin, signalling an opportunity for reforms if Kamala Harris wins and a continuation of a divided and blocked Congress if Donald Trump wins.
-
FeaturesIPE Quest Expectations Indicator - September 2024
Kamala Harris’ candidacy has turned the political mood in the US. The two candidates are very close together in the polls but while Trump’s score is stable – except for a worsening favourability – Harris’ statistics all show a positive trend.
