Swings in US high yield flows as rates spike

The early part of last week saw US high yield bond funds enjoy big inflows, with spreads grinding to post-crisis record tight levels. But a spike in Treasury yields on Friday has helped reverse some of those flows, and polarise investor sentiment on the asset class.

  • By David Bell
  • 08 Oct 2018

US high yield spreads reached a post-crisis tight of 316bp over Treasuries last week, based on the ICE BAML high yield index, but predictions last week from some investors that they could move even tighter were quickly proven wrong.

The index spread widened to 329bp ...

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5 HSBC 194.57 2 5.32%

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