High Yield in a Rising Rate Environment: Yield, Duration, Correlation, and Economic Factors
June 21, 2015 at 08:00 AM EDT
With the move we have seen in interest rates (Treasury rates) over the past month and the concerns that this move up will continue, let’s look at the high yield market and how it has traditionally responded to rate moves. Historically speaking, the high yield bond market has performed well in a...