The positive momentum gained by fallen angels in the final quarter of 2023 carried over into January, surpassing broad high yield by 56bps. Sector-specific weakness may continue to manifest in ...
The galaxy of Warhammer 40,000 moves at a glacial pace, with major narrative threads frozen in place for years, sometimes even decades at a time. That’s been true of one of the game’s most popular ...
2024 returns will likely be driven by carry, with sector and quality differences driving potential outperformance versus broad high yield. An uptick in fallen angels may provide further support.
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