High Yield Bonds Off Last Year’s Highs but Remain Attractive Asset for Investors: A Conversation with Jordan Lopez and Nick Burns of Payden & Rygel
High yield bonds are off their highs of 2023, but even now, with all-in yields around 8%, the asset class remains competitive with equities for total return potential with significantly better downside protection, according to Payden & Rygel’s Jordan Lopez and Nick Burns.
The Case For High Yield Bonds: Investors with Patience Can Be Rewarded
The High Yield Bond category is up 5.9% through September, ranking it among the best performers in the fixed income space. Payden & Rygel’s Jordan Lopez and Nick Burns outline three factors contributing to the market’s strength.
Payden & Rygel 2023 Macro Outlook: Macro Memes & Mind Viruses
We call them narratives, memes, or mind viruses.
Why Emerging Market Debt?
After a challenging 2022, it is time for investors to look forward to opportunities. Emerging Markets (EM) debt stands out as one place where investors can potentially take advantage of an underutilized asset class that offers attractive yields and diversification.
Don’t Drink the Cool Aid that Bonds will Under-perform
Don’t get too far ahead of yourself and drink the cool aid that bonds will underperform. Investor fears of higher interest rates have caused volatility, which we believe presents opportunities in the fixed income markets. Global central banks continue to intervene in the markets in such a way that natural market mechanisms cannot function properly.