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High Yield Makes Sense: One Man’s “Junk” is Another Investor’s Treasure



When investors think of high yield fixed income, the old term “junk bonds” often comes to mind. While the term “junk” carries a negative connotation, referring to the early years of high yield where high default rates were expected, the current reality is that high yield securities have a…

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European High Yield: Still Home for Opportunities



Despite the macroeconomic challenges, including the recent Greek elections and the crisis in Ukraine, the European high yield market has rallied thus far in 2015. In fact, the Merrill Lynch Euro High Yield Index has returned 1.4% YTD as of 9 February, with spreads tightening by 10 basis points…

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