Idiosyncratic Risks and Active Management

2019 has been a profitable year so far for High Yield investors. Euro spreads tightened from 522 bps in January to 367 at the end of September. Even if world central banks have created a dovish environment that helped markets to be more resilient to geopolitical events and economic slowdown indicators, high yield market has been characterized also by some major idiosyncratic risks. Continue Reading