Darius McDermott: Are high risk bonds an opportunity?

In April we were talking about corporate bonds being the opportunity of the century as markets looked to recalibrate because of the impact of Covid-19. Since then, credit markets have recovered nicely from their lows, so is the opportunity still available to investors? With the trinity of central banks (Bank of England, European Central Bank, and US Federal Reserve) still supporting the market by buying both higher quality and some weaker high yield borrowers, and most companies looking to shore-up their balance sheets rather than pay money back to shareholders in the form of dividends, ...