Global high yield update - Tim Leary
Tim Leary joins the BlueBay Insights podcast to give a 5min update on global high yield markets.We asked Tim:It’s been volatile start to the year – how much has come from interest rate moves and how much is risk-premium driven?Can you take us through the performance of leveraged loans relative to high yield bonds so far this year – are you seeing any mispricing opportunities here? With defaults picking up, are there any safe havens in high yield?Now we’re well into Q1, have you seen any clear trends in flows?We’ve seen green and ESG stocks suffer heavy sell-offs over the past few months. Have ESG-related credits suffered the same fate?How are you positioning as we shift into spring?