All High Yield Bonds articles – Page 7
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Asset Class Reports
High Yield: Oil, banks and rates
Martin Steward finds the diversity of high yield reflected in three very different kinds of risk run behind similar-looking headline exposures
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NewsBank of England to run rule over asset managers' liquidity strategies
UK central bank to work with regulator to analyse asset managers’ approach to managing liquidity in stressed markets
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NewsLPFA selects four managers ahead of £150m alternative credit push
London local authority fund selects four managers for national framework agreement
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NewsOECD warns over ‘aggressive interpretation’ of bond covenants
Think tank notes divergent approaches between hedge fund, traditional bond investors requiring third-way approach on engagement
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NewsHigh-yield sees record issuance as European markets ease terms
Second quarter sees peak issuance before falling steadily but keeping 2014 as record level
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Features
High Yield Bonds Commentary: Happy to be bullish contrarians
Louis Cohen believes fundamentals remain firmly in place for spread compression in high-yield and explains why his team is unconcerned about being contrarians in this market
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NewsEuro, US high-yield markets diverge as energy default risk takes hold
OPEC decision to maintain production hits US energy exploration, production companies
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Asset Class Reports
Dangerous liquidity
Following another summer of high-yield bond market volatility, Emma Cusworth asks whether ETFs are to blame for credit markets getting riskier
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Asset Class Reports
High-yield Bonds & Loans: Covenants and calls
Joseph Mariathasan and Martin Steward ask whether investors’ traditional protections are getting squeezed out in the convergence of high yield bond and loan markets
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Asset Class Reports
High-yield Bonds & Loans: Lien and healthy?
Jennifer Bollen finds booming leverage markets bringing second-lien debt back into vogue in private equity deals – and in Europe, that can mean mezzanine-like risk
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Asset Class Reports
High-yield Bonds & Loans: Slow but steady progress
While some European countries are making progress with respect to non-bank funding for mid-market businesses, others still have some way to go. Yet there is a growing appetite for the standardisation and transparency required to develop this market, write Alexandra Krief and Taron Wade
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Asset Class Reports
Time for some caution with this asset class
How do you invest in high-yield bonds and loans?
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Asset Class Reports
High-yield Bonds & Loans: Floored argument
More and more loans are being written with interest rate floors, at lower and lower rates. While these were a great feature over the past five years, Charlotte Moore asks whether they weaken investors’ floating-rate protection for the next five years
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Asset Class Reports
High-yield Bonds & Loans: Low yields, high alpha
With spreads so tight, high-yield has become even more of a bottom-up stockpickers’ market than usual. Martin Steward looks for themes in the top-performing portfolios
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Asset Class ReportsHigh-yield Bonds & Loans: Revolution from above and below
Few markets outside the emerging world have changed to the extent that European high-yield has over recent years. Joseph Mariathasan and Martin Steward find transformation coming from the massive to the micro, from above and below
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NewsEuropean pension fund tenders $10m high-yield debt mandate
Scheme seeking exposure to US, European fixed income
