{"id":90316,"date":"2024-08-15T10:25:37","date_gmt":"2024-08-15T14:25:37","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/allience-bernstein-sees-european-em-junk-bond-value\/"},"modified":"2024-12-09T09:46:45","modified_gmt":"2024-12-09T14:46:45","slug":"allience-bernstein-sees-european-em-junk-bond-value","status":"publish","type":[3765],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/allience-bernstein-sees-european-em-junk-bond-value\/","title":{"rendered":"Alliance Bernstein Sees European, EM Junk Bond Value"},"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-6a08ff300870a'>\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\">Alliance Bernstein Sees European, EM Junk Bond Value<\/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                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/regional-analysis\/\" rel=\"category tag\">\n                    Regional Analysis\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/risk\/\" rel=\"category tag\">\n                    Risk\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\">August 15, 2024<\/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-6a08ff300f127'>\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=\"6182\" height=\"6182\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Credit_Edge-logo-AVAT-411224981.png\" class=\"bbg-single-image__image attachment-full\" alt=\"\" title=\"Credit_Edge-logo-AVAT-411224981\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Credit_Edge-logo-AVAT-411224981.png 6182w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Credit_Edge-logo-AVAT-411224981.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Credit_Edge-logo-AVAT-411224981.png 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Credit_Edge-logo-AVAT-411224981.png 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Credit_Edge-logo-AVAT-411224981.png 1536w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Credit_Edge-logo-AVAT-411224981.png 2048w\" sizes=\"auto, (max-width: 6182px) 100vw, 6182px\" \/>\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\/629kLkOBJnqXMlw21jMtXz?si=wjyLcOytQUqciqJBKOc3tQ\" 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\/gb\/podcast\/the-credit-edge-by-bloomberg-intelligence\/id1674628050?i=1000665578511\" 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><\/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=\"AllianceBernstein sees opportunity in European and emerging market credit markets and is steering clear of energy sector debt. \u201cHigh-quality European high yield, on a dollar-hedged basis, is attractive,\u201d Will Smith, director of U.S. high-yield credit at AllianceBernstein, says in the latest Credit Edge podcast from Bloomberg Intelligence. In EM corporate bonds, \u201cyou\u2019re getting paid a lot more risk premium there \u2014 a lot more in spreads than you are in developed market credit markets,\u201d Smith tells Bloomberg News\u2019 James Crombie and Bloomberg Intelligence senior credit analyst Spencer Cutter. Smith and Cutter also discuss relative value and risks in oil and gas company debt. \u201cYour antenna goes off when energy companies start returning capital to shareholders,\u201d says Smith.\"\n  data-state=\"fresh\"\n  data-audio-url=\"https:\/\/assets.bbhub.io\/professional\/sites\/41\/Will-Smith-Bernstein.mp3\"\n  data-label-desc=\"for AllianceBernstein sees opportunity in European and emerging market credit markets and is steering clear of energy sector debt. \u201cHigh-quality European high yield, on a dollar-hedged basis, is attractive,\u201d Will Smith, director of U.S. high-yield credit at AllianceBernstein, says in the latest Credit Edge podcast from Bloomberg Intelligence. In EM corporate bonds, \u201cyou\u2019re getting paid a lot more risk premium there \u2014 a lot more in spreads than you are in developed market credit markets,\u201d Smith tells Bloomberg News\u2019 James Crombie and Bloomberg Intelligence senior credit analyst Spencer Cutter. Smith and Cutter also discuss relative value and risks in oil and gas company debt. \u201cYour antenna goes off when energy companies start returning capital to shareholders,\u201d says Smith.\"\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-6a08ff3016493'>\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>Overview<\/strong><\/p>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p>AllianceBernstein sees opportunity in European and emerging market credit markets and is steering clear of energy sector debt. \u201cHigh-quality European high yield, on a dollar-hedged basis, is attractive,\u201d Will Smith, director of U.S. high-yield credit at AllianceBernstein, says in the latest Credit Edge podcast from Bloomberg Intelligence. In EM corporate bonds, \u201cyou\u2019re getting paid a lot more risk premium there \u2014 a lot more in spreads than you are in developed market credit markets,\u201d Smith tells Bloomberg News\u2019 James Crombie and Bloomberg Intelligence senior credit analyst Spencer Cutter. Smith and Cutter also discuss relative value and risks in oil and gas company debt. \u201cYour antenna goes off when energy companies start returning capital to shareholders,\u201d says Smith.<\/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-6a08ff3017bee'>\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    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h3>More episodes from <a href=\"https:\/\/www.bloomberg.com\/podcasts\/series\/bloomberg-intelligence\/\">Bloomberg Intelligence<\/a><\/h3>\n\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-4 bbg-column--halign-right\"\n    style=\"\"\n    >\n    \n<div\n  id=\"cta_4551870227225365121\"\n  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Intelligence.<\/p>\n","protected":false},"author":1976,"featured_media":92520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-podcast.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"453","footnotes":""},"categories":[453,534,469],"tags":[776,3659,3686,454,574],"series":[],"class_list":["post-90316","post","type-post","status-publish","format-standard","hentry","category-markets","category-regional-analysis","category-risk","tag-analyst","tag-credit","tag-credit-edge-podcast","tag-equities","tag-news","type-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alliance Bernstein Sees European, EM Junk Bond Value | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"AllianceBernstein sees opportunity in European and emerging market credit markets and is steering clear of energy sector debt. \u201cHigh-quality European high yield, on a dollar-hedged basis, is attractive,\u201d Will Smith, director of U.S. high-yield credit at AllianceBernstein, says in the latest Credit Edge podcast from Bloomberg Intelligence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/allience-bernstein-sees-european-em-junk-bond-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alliance Bernstein Sees European, EM Junk Bond Value | Insights | Bloomberg Professional Services\" \/>\n<meta property=\"og:description\" content=\"AllianceBernstein sees opportunity in European and emerging market credit markets and is steering clear of energy sector debt. \u201cHigh-quality European high yield, on a dollar-hedged basis, is 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