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
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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...

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