Favourable environment for high yield

In contrast to the equity market, where the VIX volatility index is at several year lows, global bond markets have been experiencing turbulent times. In the space of a couple of months, the US treasury market experienced both one of the biggest sell offs seen in a while, as well as one of the biggest short-term rallies. However, the general trend has been for rising government yields. This rapid change in sentiment was caused by clearer signs that the global economy is moving into a growth phase. As a result, economic analysts are revising up their expectations for both this year"s and n...