Forecasting 2024 is challenging, with ongoing remarkable changes across economies and markets, combined with a year of political uncertainty ahead.
This asset class might not be as popular as its large-cap sibling, but it’s certainly offering investors excellent opportunities.
When almost all developed market governments simultaneously boost issuance, yields will need to increase across the board.
Sébastien Page, Head of Global Multi-Asset and CIO for T. Rowe Price explains why high yield bonds paired with long-term Treasuries offer attractive c