Why Some Managers Are Embracing the Junkiest Junk Debt
June 16, 2021 at 12:18 PM EDT
The Markit iBoxx USD Liquid High Yield Index, a widely observed basket of high-yield corporate debt, is basically flat this year, and with credit spread narrowing, some active high-yield bond managers are reaching into the depths of the asset class to generate returns. Credit spreads measure the...