The Insight: Conversations – Credit Picker’s Market with Wayne Dahl, Robert O’Leary, and Mark Jacobs
The Memo by Howard Marks
High Yield Bonds in a Volatile Interest Rate Environment
This chapter discusses the performance of high yield bonds in a volatile interest rate environment, highlighting their positive returns and outperformance of treasury securities. It explains the benefits of investing in high yield bonds to offset the impact of rising interest rates and examines the current positioning of credit investors in 2023.
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