The Loomis Sayles High Yield Sector Team shares their expectations for spreads, defaults and trends in the high yield market.
Loomis Sayles' high yield sector team share their views on rising rates, CCC-rated bonds and where they're seeing potential opportunity in 2022.
Loomis Sayles' high yield sector team discusses downgrades, defaults and value in the high yield market in 2021.
A combination of spread compression and reduced US Treasury base rates contributed to double-digit gains in the high yield corporate credit sector in 2019. However, unlike many years with similar returns, lower-quality, CCC-rated credits meaningfully lagged their higher-quality counterparts. At this point in the extended credit cycle, investors appear wary about the performance of lower-quality credits.