US inflation continued to soar in May, with the Core Consumer Price Index (CPI) up 0.7% month over month and 3.8% year over year—its highest annual rate in more than 25 years.
Over the past year, a surge of investors drove high-yield bond prices back to pre-pandemic levels.
The energy sector is beginning to adapt to the realities of climate change. Who is best positioned for the future?
US Investment-grade corporate bond issuance has rolled past US$1 trillion so far in 2020. What are the long-term effects of this explosive borrowing?
Coronavirus-led economic uncertainty is forcing downgrades, defaults and fallen angels. Could this spell opportunity for credit investors?
Oil prices briefly turned negative this week. What does it mean for energy bonds? And why does the long view for oil matter more?
The media and some market observers are bracing for a blizzard of BBB-rated bonds to get downgraded to junk as the credit cycle turns. We expect it will be closer to a flurry.