High Yield Bonds: Assessing the Landscape Today

Streaming Income - A Podcast from Barings

Kelly Burton sheds light on the technical and fundamental picture for high yield bonds today as investors grapple with an increasingly noisy macroeconomic and political backdrop.

Episode Segments:

02:30 – Kelly’s background and role at Barings

05:18 – What market technicals are telling us about high yield

09:26 – Assessing issuer fundamentals against a noisy macro backdrop

15:32 – Liability management exercises and where defaults could go in a recession scenario

20:14 – How high yield may fare in a slower economic environment

25:49 – How to think about the maturity wall

27:35 – Why credit spreads don’t tell the full story

30:04 – Senior secured bonds: what they are and why Kelly & team like them

38:25 – What the U.S. election could mean for high yield

42:54 – Final thoughts

IMPORTANT INFORMATION

Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses.

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Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information

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