Inside the High Yield Debt Market with Rajay Bagaria
Excess Returns
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The Return of High Yield Long-Term
I think spreads are kind of, you have to really look at it in the context of where is the system. Over that time period, high yield bonds have produced to 7.2 percent annualized returns. It's signaling that corporate balance sheets are quite healthy going into this soft patch. So I think it's suggesting that the Russell 2000 domestically oriented type issuers will be okay.
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