The fixed income markets have seen increasing demand and commensurate supply growth for both domestic high yield bonds and
European high-yield bonds. This increasing demand has proven to be resilient despite relatively narrow interest rate spreads and default rates,
which have been rising since 2023. Apparently, yield-sensitive investors' demand for attractive yields outweighs their risk aversion.
See two recent articles attached discussing these trends.
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Todd Blickenstaff
President and Program Chairman Chair
Portland, OR chapter
Co-coordinator AAII National Income and Cash Flow SIG Group
American Association of Individual Investors (AAII)
trblick@yahoo.com------------------------------