Only one company defaulted in May
High-yield bond issuance may increase
Global high yield bond sales hit record in Q1
Managers of high-yield bond funds say the markets are moving back to “more normal” conditions
Fund linked to Renaissance Corporate Bond Fund
They’re more volatile than government or investment-grade corporate issues
”There are great opportunities, although you have to be cautious,” says the manager of one high-yield fixed-income fund
High-yield, fixed-income funds are not all created equal
High-yield bonds were side-swiped last year, victims of the strong Canadian dollar and the liquidity crisis that ensued from the U.S. subprime mortgage mess. As a result, spreads widened dramatically: today they are about 600 basis points more than 10-year U.S. treasuries, compared with about 240 bps in May 2007.Although the C$ has settled into […]