All High Yield articles
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Video
European Opportunities in a Changing Global Landscape
Explore the shifting dynamics in global financial markets with our latest videos on European fixed income opportunities. From the macroeconomic tailwinds driving flows to Europe to the unique growth opportunities, discover how Neuberger Berman can help you navigate this evolving landscape.
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White papers
European IG Credit: Opportunity in a Shifting Landscape
Appealing fundamentals, elevated yields and active management opportunities are drawing investors to European investment grade credit.
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White papers
Resilient European High Yield market looks beyond tariff uncertainty
We cannot ignore the dominant themes impacting markets across the world, but a resilient and supported European marketplace is well placed to prosper in these challenging times.
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White papers
Structural shifts in Europe’s credit ecosystem
With Europe standing at a critical juncture, Zachary Swabe and Jakob von Kalckreuth evaluate its evolving corporate funding markets, with particular consideration to the potential implementation of a capital markets union. They also consider current and future opportunities across high yield, syndicated loans and direct lending.
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White papers
Q1 2025 Taxable Municipals Market Review and Outlook
Q1 returns in the taxable municipal market were strong—but not for the reasons you might expect. While falling Treasury yields boosted performance, policy-related risks and technical pressures raised questions about where valuations go from here.
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White papers
Why Allocate to Global High Yield in a Balanced Portfolio?
Global High Yield (GHY) has matured from being a US-centric, niche exposure to a globally diversified, highly rewarding asset class worth investing in. With over $2 trillion* in outstanding bonds, HY plays a key role in income portfolios across pension funds, insurers, and sovereign wealth funds.
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White papers
Corporate Spreads. Shifting Patterns and Opportunities
European high-yield companies are benefiting from political initiatives, structural advantages, and clearer market predictability. Recent spread volatility presents attractive opportunities, while strategic reallocations aim to enhance portfolio resilience. Europe currently offers greater stability and competitive yields.
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White papers
US high yield: What we can learn from April’s tariff turmoil
When Donald Trump returned to the White House, investors braced for how markets might react to a renewed escalation of global trade wars.
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White papers
Is EM Local Debt Benefiting From ‘America First’?
Emerging markets local debt is regaining momentum, fueled by shifting U.S. policy.
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White papers
Private Markets, Edition May 2025: Our semi-annual insights into private markets
While the current market landscape remains fluid, increased macro uncertainty and unpredictable policy measures has led to heightened probability of a potential recession and turn in the credit cycle. Private credit markets are not immune to these challenges.
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White papers
3 Global High Yield Myths That Just Don’t Hold Up
A source of return, yield and diversification, GHY merits serious consideration for most fixed income portfolios but doubts remain for some investors. We challenge three common GHY myths and explain why it makes sense for most investors to consider an indexed approach in GHY.
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White papers
Finding the Sweet Spot in the Private Equity Capital Stack
“Capital solutions” has become a catch-all moniker within private markets, leaving many asset allocators to scratch their heads as to what these funds actually do and the risks they take.
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White papers
US market is a good proxy for global high yield
While a global approach provides advantages for many fixed income sectors, the benefits are less clear for high yield.
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White papers
Global High Yield Credit Engagement Annual Report 2024
This year’s Global High Yield Credit Engagement – formerly called SDG Engagement High Yield Credit – annual report offers a deep dive into the engagement undertaken throughout the course of the year, as well as providing crucial performance insights:
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Podcast
The High Yield Playbook: Positions and Possibilities
The credit market is transforming, and investors are looking ahead to seize the best opportunities in non-investment grade credit. With wider spreads, tariff-induced inflation, and moderating growth, opportunities in high-yield bonds, loans, and CLOs are reshaping fixed income strategies.
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White papers
Default Not in Our Stars
We don’t think tariffs will cause a major spike in high-yield and loan defaults, and that means current spreads and yields look attractive.
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Podcast
Talking Heads – Generating income, protecting capital in bonds
Daniel Morris, Chief Market Strategist, sits down with Olivier De Larouziere, CIO of Fixed Income, to discuss some of the recent moves in global bond markets.
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White papers
Corporate Hybrids. Subordinated Bonds, Superior Diversification
Corporate Hybrid Bonds offer a compelling diversification opportunity. Unlike CoCos, Hybrids exhibit lower volatility, stronger incentives for first-call redemption, and cash-cumulative coupon deferral, making them a more stable and liquid option. With imperfect correlation to CoCos, hybrids can further enhance portfolio resilience, especially amid market disruptions.
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White papers
Bond market volatility presents more opportunities for multi-asset investors
Central bank policy, rising geopolitical tensions and escalating concerns around the global macroeconomic backdrop have together caused considerable equity market volatility as well as a significant repricing in the fixed income universe.
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White papers
Fixed Income Perspectives Q2 2025
Quarterly macro and market insights from Capital Group’s fixed income team