◀ The Principal Blog

Posts from the ‘Fixed Income’ category

Bank Loans + High Yield Bonds > Bank Loans Alone



Even after a bumper year of investor inflows, high yield bank loans underperformed high yield bonds in 2013. Flows into bank loans, a segment of the overall high yield fixed income market, were north of US$62 billion, and yet the total returns in the high yield bond market were better. Why didn’t…

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Moody’s Mellows on Irish Debt – Will the Emerald Isle Stay on Track?



Last week, ratings agency Moody’s finally did the right thing and upgraded Ireland’s sovereign debt rating from Baa3 to Ba1; that’s back up to investment grade and in line with the ratings from Fitch and S&P. Moody’s had been the only rating agency to originally decide…

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