2020 altered the high yield universe, but fears of high levels of corporate defaults proved unjustified. The resulting landscape should be set for steady returns in 2021.
While European High Yield (EHY) credit market returns were significantly negative and spreads materially wider by the end of the first quarter, market valuations are now much more attractive than at the start of the year.
2020 altered the high yield universe, but fears of high levels of corporate defaults proved unjustified. The resulting landscape should be set for steady returns in 2021.
While European High Yield (EHY) credit market returns were significantly negative and spreads materially wider by the end of the first quarter, market valuations are now much more attractive than at the start of the year.
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