The credit tightening defies the equities rebound

Posted on 02. Nov, 2015 by Jean Jacques Ohana in Weekly Focus

Despite the sharp October rebound of worldwide equities, the distressed part of High Yield bonds went on underperforming the higher grades part of High Yield Bonds. In the US, the CCC-rated HY Total Return has been trending down since 2014 and has barely risen in October, contrary to the BB-rated HY Total Return which rebounded [...]