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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: What's next for real assets in a changing landscape?

Partner Insight: What's next for real assets in a changing landscape?

Despite the uncertainty surrounding interest rates and inflation, global appetite for real assets remains strong.

Aviva
clock 19 April 2024 • 1 min read
Partner Insight: Investors are upbeat on real assets even as interest rate path remains uncertain

Partner Insight: Investors are upbeat on real assets even as interest rate path remains uncertain

Investors expect good returns from real assets this year, especially in real estate equity and infrastructure, according to Aviva Investors’ Real Assets Study 2024.

Sarka Halas
clock 19 April 2024 • 2 min read
 Stories of the week: FCA; PDP; WTW

Stories of the week: FCA; PDP; WTW

Industry warns of 'dire' pensions landscape; PDP announces staff shake up; WTW to launch private equity LTAF

Sarka Halas
clock 19 April 2024 • 1 min read
Trustpilot