2 months Yield Curve Moves Provide Another Tailwind for Fallen Angels       

By Nicolas Fonseca, CFA, Associate PM Fallen angel high yield bonds1 have continued to outperform broad high yield2 in a variety of market conditions. In Q2 2021, fallen angels’ longer duration contributed to their 1.87% outperformance over the broad high yield bond market. The segment also benefitted from higher weights to recent fallen angels and going forward […]

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