Fridson Sees High Yield Going Distressed in Recession
The Credit Edge by Bloomberg Intelligence
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High Yield Bonds: Current State and Future Outlook
This chapter analyzes the fair value of high yield bonds amidst economic uncertainties, highlighting historical trends and current market conditions. It explores the implications of supply constraints, investor behavior shifts, and credit rating dynamics, especially in the energy sector. The discussion raises critical questions about default risks and the potential for new issuances to stabilize the market, while cautioning against overreliance on credit ratings.
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