All High Yield articles – Page 2
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White papersYield Convergence Reshapes Portfolio Strategy
Yield differentials across asset classes have narrowed to historic lows, reshaping portfolio risk and opportunity. In this context, diversifying allocations and locking in higher fixed income yields offers a more compelling risk-reward for multi-asset investors.
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White papersEmerging market debt: investing at the cutting edge of global change
The emerging market debt (EMD) asset class has expanded dramatically over the past 30 years, when it consisted of a small set of countries in Asia, EMEA and Latin America. At the inception of JP Morgan’s sovereign index in 1995, there were eight countries with USD government bonds included. The investible universe now consists of 109 countries with bonds issued in hard and local currency by governments, quasi governments and corporates.
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White papersEmerging market investment grade bonds: a strategic anchor in today’s uncertain world
Emerging market investment grade (EM IG) bonds, considered the defensive corner of fixed income, offer the potential for steady returns from higher yields and lower volatility. These bonds are underpinned by strong fundamentals, broad regional and sector diversification, and a track record of resilience during financial crises. Active managers can capitalize on inefficiencies within the EM IG space, presenting a compelling investment opportunity.
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White papersHigher yields signal fiscal considerations may be back in the spotlight
Rising long-term bond yields reflect growing investor focus on fiscal sustainability, as elevated government debt and deficits re-enter the spotlight and drive cross-market volatility beyond central bank policy shifts.
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White papersEuropean High Yield: A Compelling Case in an Uncertain World
European high yield has been resilient during periods of lower growth. And, looking forward, we believe there are several key reasons why the asset class remains well-positioned, despite the unknowns on the horizon.
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White papersEmerging Market Bonds: Moving in the Right Direction
A weaker dollar and FED easing cycle are fueling strong performance and renewed inflows into emerging market fixed income. Solid fiscal reforms and improving credit metrics further enhance the appeal, especially in key markets within a heterogeneous universe.
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White papersChina Real Estate Credit: Leaner, Improved Quality and Higher Yields
After a period of difficulty, the Chinese property sector may be ready for its close-up.
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White papersWhy opportunities to diversify within fixed income matter more than ever
The geopolitical landscape continues to evolve, and uncertainties in the economic backdrop are also rising. In this environment of global fragmentation and market volatility, diversification has once again come to the forefront for building a portfolio. But a diversified portfolio doesn’t just mean a mix of equities and bonds. Fixed income itself is a broad and deep universe offering myriad opportunities to diversify within the asset class, for example by credit quality, geography, or maturity.
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White papersWhy now? The case for European high yield
As investors reassess their fixed income allocations, we believe the European high yield (HY) market is emerging as a compelling opportunity. European HY has matured into a robust and diversified asset class, offering attractive risk-adjusted returns and strategic diversification benefits.
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White papersIs global high yield a short duration market now?
Over the duration, duration has declined.
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White papers360° Fixed Income Report: How not to be a deer caught in the ‘headlines’
Read our latest 360° fixed income report to learn more about our credit team’s outlook for macro, fundamental and technical forces.
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White papersCredit at a Crossroads: Finding Value in Europe’s Landscape
In today’s market environment, we believe European leveraged loans and high yield bonds present a compelling investment case.
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White papersHigh Yield: When Boring Is Better
Elevated yields and conservative balance sheets are helping high yield stay resilient amid trade uncertainty.
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PodcastHigh Yield: Tariffs, Tensions & Tactical Shifts
Head of Global High Yield, Scott Roth joins the Streaming Income podcast to discuss how tariffs and quickly shifting macro-economic and political dynamics are impacting corporate fundamentals and the backdrop for high yield bonds and broadly syndicated loans today.
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White papersFixed Income Investment Outlook: 3Q 2025
In the wake of an eventful quarter, we believe that more benign inflation data and softer but still positive growth could soon prompt the Federal Reserve to resume rate cuts, joining other central banks that have maintained easing polices. While tepid, economic growth remains positive globally and, in the U.S., could improve toward the end of the year and into 2026. In this environment, we currently favor exposure to shorter-term U.S. Treasuries, as well as opportunities in high yield and local currency-denominated emerging market debt, with tariff-related volatility posing a key risk.
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White papersHigh Yield: Keep Calm & “Carry” On
The global economic landscape remains in flux as investors navigate a complex mix of resilient data, policy uncertainty, and geopolitical tension. In the U.S., recession probabilities have receded but not disappeared. While hard data—such as employment and consumption—has held up, soft indicators continue to flash caution. Inflation remains sticky in places, and the full impact of recently introduced tariffs has yet to be felt. Meanwhile, the Federal Reserve appears content to remain on hold, awaiting further clarity before adjusting policy.
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White papersThe strategic value of allocating to high yield
Financial markets have navigated an exceptionally turbulent period over the past five years. Severe shocks have included the global pandemic in 2020, aggressive rate hikes by central banks in 2022 and the imposition of tariffs in 2025. Despite these significant disruptions, the high-yield (HY) market has demonstrated remarkable resilience, emerging as the best-performing fixed income sector by a substantial margin.
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White papersSummertime…but will the Fed be easing?
With noise levels still high, certainty on policy remains elusive.
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White papersSigns of a growing deficit attention disorder
Short-term risk-on distractions should give way to long-term economic reality.
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White papersEuropean IG Credit: Opportunity in a Shifting Landscape
Appealing fundamentals, elevated yields and active management opportunities are drawing investors to European investment grade credit.
