In a Downturn, Fallen Angel Volume Could Rise, Says Ratings Agency
April 11, 2019 at 10:41 AM EDT
Heading into this year, many bond market observers were concerned about the state of BBB-rated corporate debt and how much of that debt could be downgraded to junk, turning those bonds into fallen angels. The VanEck Fallen Angel High Yield Bond ETF (NYSEArca: ANGL) is the dominant exchange traded...