Seeking Spread Along Steep High Yield Curves

By Robert Cignarella, Managing Director and Head of the Leveraged Finance Team

While many sectors have partially recovered since the worst of the December 2018 market volatility, a shift in the U.S. leveraged finance market continues to present attractive opportunities. By selling short-dated issues that have experienced solid spread compression and slightly extending along particularly steep spread curves, investors can pick up significant spread in what is still a stable economic backdrop.

 

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