Normal and Inverted Spread Curves

Normal and Inverted Spread Curves

Normally, longer-term corporate bonds command higher risk premiums as compensation for the increased uncertainty. In times of stress or crisis, however, this can temporarily reverse, and shorter-term bonds may exhibit comparable or even higher spreads! Upward-Sloping...
Will We See a CCC Comeback?

Will We See a CCC Comeback?

Despite an overall positive environment for European high-yield bonds, investors in CCC-rated bonds have had little to celebrate this year. Several major issuers in the high-yield sector were downgraded to CCC. However, after a weak start to 2024, the segment appears...
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