Feb 9th, 2019

High-Yield Hits a Record: Fade the Rally or Join the Party?

The influx of cash into corporate-bond funds accelerated this week in yet another sign credit markets are rebounding after the Fed’s recent flip to a more dovish outlook. U.S. high-yield funds saw an inflow of $3.86 billion in the week ended Feb. 6, the biggest net increase since July 2016, Lipper data show. Kathy Jones, chief fixed-income strategist at Schwab Center for Financial Research, Subadra Rajappa, head of U.S. rates strategy at Societe Generale, and Diana Amoa, fixed income portfolio manager at JPMorgan Asset Management, talk with Bloomberg's Jonathan Ferro about the rally in credit and if it is sustainable or not. (Source: Bloomberg)