European HY - Schemes should expect yield to peak

PGIM warns yields and spreads may rise over the near time, which warrants caution

clock • 4 min read
PGIM Fixed Income head of the European leveraged finance team Jonathan Butler
Image:

PGIM Fixed Income head of the European leveraged finance team Jonathan Butler

Concerns about the global economy, rising inflation, and tighter central bank policies have raised bond yields around the world.

When looking at European high yield specifically, the sector yielded an average of 8.61% at the end of September - which was higher than the 8.1% yield at the depths of the Covid crisis and only tr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Trump tariffs making schemes 'rethink' US holdings

Trump tariffs making schemes 'rethink' US holdings

Isio says European schemes focused on reducing allocations and ‘damage limitation’

Jasmine Urquhart
clock 02 May 2025 • 1 min read
LGPS Central launches stewardship service

LGPS Central launches stewardship service

Midlands LGPS pool says service designed to ease governance burden on partner funds

Martin Richmond
clock 02 May 2025 • 1 min read
How the way schemes are working with asset managers is changing

How the way schemes are working with asset managers is changing

As schemes grow in size and sophistication, collaboration is becoming key

Charlotte Moore
clock 01 May 2025 • 8 min read
Trustpilot