We explore the factors that may contribute to 2023 returns, including interest rate policy and its effect on the real economy, bond market expectations, and the impact of the yield curve. Fallen ...
Fallen angels underperformed the broad high yield market in October by 0.29%, driven mostly by the rise in rates throughout the month, increasing the YTD underperformance to 2.14%. In October, fallen ...
Fallen angel high yield bonds provide a distinct value proposition that sets them apart from the broad high yield market. The unique performance drivers of fallen angel bonds (systematically buying ...
Fallen Angels underperformed Broad High Yield by 160 basis points in Q2 and are now lagging by 153 basis points year to date. Q2 underperformance was mostly driven by weakness in the telecom and real ...
The idea that one-third of the angels fell with the devil is one of the most discussed and mysterious topics in the Bible.