The global high yield markets face a number of risks. Yet, these markets have continued to scale such a ‘wall of worry’ for the last decade. Should we expect more of the same, or are we nearing a turning point in the cycle? Barings’ Martin Horne weighs in.
A Conversation with Martin Horne, Head of Global High Yield Investments
From covenant-light transactions to trade wars, rising rates to recessions—and Brexit to boot—there is no shortage of apparent risks facing the global high yield markets. Yet, these markets have continued to scale such a ‘wall of worry’ for the last decade. Should we expect more of the same? Or are we nearing a turning point in the cycle? Barings’ Martin Horne weighs in.
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