{"id":112536,"date":"2025-04-09T04:03:52","date_gmt":"2025-04-09T08:03:52","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/high-yield-2q-investor-survey-views-amid-tariffs-credit-crunch\/"},"modified":"2025-04-09T04:03:52","modified_gmt":"2025-04-09T08:03:52","slug":"high-yield-2q-investor-survey-views-amid-tariffs-credit-crunch","status":"publish","type":[3765],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/high-yield-2q-investor-survey-views-amid-tariffs-credit-crunch\/","title":{"rendered":"High Yield 2Q Investor Survey, Views Amid Tariffs: Credit Crunch"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row bg--white  text--black row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4f5ed317e'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong>PODCAST<\/strong><\/p>\n\n<\/div>\n    <h1 class=\"bbg-metadata bbg-metadata--title\">High Yield 2Q Investor Survey, Views Amid Tariffs: Credit Crunch<\/h1>\n<div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n            <\/ul>\n<div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div>    <p class=\"bbg-metadata bbg-metadata--date\">April 9, 2025<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong>Bloomberg Intelligence Podcast<\/strong><\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4f5ee5394'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-4 bbg-column--s-width-2\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/1172389_BBGT_BI_FICCFocusPodcast_DigAsset_FNL-1.png\" class=\"bbg-single-image__image attachment-full\" alt=\"\" title=\"1172389_BBGT_BI_FICCFocusPodcast_DigAsset_FNL-1\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/1172389_BBGT_BI_FICCFocusPodcast_DigAsset_FNL-1.png 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/1172389_BBGT_BI_FICCFocusPodcast_DigAsset_FNL-1.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/1172389_BBGT_BI_FICCFocusPodcast_DigAsset_FNL-1.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p style=\"font-size: 18px; font-weight: 600; margin-top: -55px;\">Listen on<\/p>\n<div class=\"flexbox\">\n<div><a href=\"https:\/\/open.spotify.com\/episode\/7IfmGy8O1alxHRKnes4SCH?si=zQV_06zyTzWLQywQh6F2bg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/assets.bbhub.io\/professional\/sites\/41\/Spotify.svg\" alt=\"\" width=\"32\" height=\"32\" \/><\/a><\/div>\n<div><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/high-yield-2q-investor-survey-views-amid-tariffs-credit\/id1589459799?i=1000702823814\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/assets.bbhub.io\/professional\/sites\/41\/Apple-podcast.svg\" alt=\"\" width=\"32\" height=\"32\" \/><\/a><\/div>\n<\/div>\n<div><\/div>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-1 bbg-column--valign-middle\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8 bbg-column--valign-middle\"\n    style=\"\"\n    >\n    <div\n  class=\"bb-audio\"\n  data-title=\"High Yield 2Q Investor Survey, Views Amid Tariffs: Credit Crunch\"\n  data-state=\"fresh\"\n  data-audio-url=\"https:\/\/assets.bbhub.io\/professional\/sites\/41\/episode-32-per-wehrmann.mp3\"\n  data-label-desc=\"for High Yield 2Q Investor Survey, Views Amid Tariffs: Credit Crunch\"\n  data-controls-class=\"no-controls\"\n  data-custom-controls-background=\"fill\"\n  data-theme=\"light-mode\"\n  data-progress=\"0\">\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row bg--white  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c4f5eecde9'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Description<\/strong><\/p>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p>High yield had good 1Q gains, with default rates low, but cracks started developing in March even before tariffs were introduced, which led to a substantial rout, with spreads selling off at record speeds. Will 2Q be a huge loss or will there be a turnaround and why?\u00a0Mahesh Bhimalingam,\u00a0Bloomberg Intelligence\u00a0global head of credit strategy, discusses the results of the BI 2Q25 High Yield Investor Survey, along with the market outlook, with\u00a0Per Wehrmann,\u00a0head of European high yield at\u00a0DWS Investments GmBH.\u00a0The podcast covers investor positioning, sentiment, key return drivers, default and supply forecasts and relative-value across asset class (high grade vs. junk), geography (Europe vs. US), ratings and sector.<\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row bg--gray  text--black bbg-row--full-bg-bleed\" data-anchor='row-6a0c4f5eee759'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    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GmBH.<\/p>\n","protected":false},"author":1976,"featured_media":92522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-podcast.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"453","footnotes":""},"categories":[453],"tags":[776,565,3687,526,456],"series":[],"class_list":["post-112536","post","type-post","status-publish","format-standard","hentry","category-markets","tag-analyst","tag-bloomberg-intelligence","tag-ficc-focus-podcast","tag-fixed-income","tag-portfolio-management","type-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>High Yield 2Q Investor Survey, Views Amid Tariffs: Credit Crunch | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"Mahesh Bhimalingam,\u00a0Bloomberg Intelligence\u00a0global head of credit strategy, discusses the results of the BI 2Q25 High Yield Investor Survey, along 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