U.S. High Yield vs. Investment Grade Returns and Conference Board U.S. Leading Index Historically, the outperformance of high yield bonds relative to investment grade bonds has followed the Conference Board U.S. Leading Index. Image: Morgan Stanley Wealth Management
USD High Yield Gross Issuance Rising interest rates do not bode well for high yield issuance. Image: Goldman Sachs Global Investment Research
U.S. Yield Curve 2s10s vs. Emerging Market High Yield Junk Bond Price Is a recession looming and are peak yields imminent? Image: BofA Global Investment Strategy
S&P 500 Index Operating Margin and U.S. Corporate High Yield Index High yield bonds may suggest a decline in corporate operating margins. Image: Morgan Stanley Wealth Management
S&P 500 – USD Liquid Grade Index and USD Liquid High Yield Index Could the S&P 500 break below the 4200 level? Image: BofA Global Research
High Yield Bonds – 12-Month Cumulative Volume of Rising Stars Minus Fallen Angels BofA forecasts a total return of 4-5% for U.S. high-yield bonds in 2022. Image: BofA Global Research
Equities – MSCI ACWI Total Return vs. U.S. High Yield/High Grade Total Return Relative Is credit a bearish sign for global equities? Image: BofA Global Investment Strategy
Weekly Sum of Flows into High Grade, High Yield, Equity and EM Debt Funds Are outflows from risky assets temporary? Image: BofA ETF Research
U.S. Corporate High Yield Bonds and U.S. CPI Currently, U.S. high yield bonds no longer compensate for U.S. inflation. Image: Morgan Stanley Wealth Management
U.S. High Yield – % $HY Negative Real Yield How long will U.S. junk bonds with negative real yields last? Image: Deutsche Bank