Thanks to investors hungry for better returns, high yield bonds have performed strongly over the last year. More and more companies are issuing corporate bonds in that space. But how long can the good times last?
Ahead of IFAonline's sister title Investment Week's Strategic Bond Focus event on 25 February, Baillie Gifford Corporate Bond fund manager Torcail Stewart (pictured) gives his take on the current state of the bond markets. How did corporate bonds perform last year relative to other asset classes within the fixed income space? Over the last year there has been a strong search for yield. The category of the market which performed most strongly last year was actually the lowest quality bonds within the high yield space. But the yield on offer now for certain CCC bonds does not provid...
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