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
U.S. Equity Implied Volatility and Credit High Yield Spreads U.S. equity implied volatility remains at relatively high levels. Image: Goldman Sachs Global Investment Research
S&P 500 and U.S. High Yield OAS Rising credit spreads represent a risk for the S&P 500, suggesting that credit conditions are deteriorating. Image: BofA Global Research
S&P 500 Index and U.S. Corporate High Yield Index Is high yield credit a bearish sign for the S&P 500? Image: Morgan Stanley Wealth Management
S&P 500 Index and U.S. Corporate High Yield Average OAS Is the divergence between high yields and the S&P 500 index an early sign of tapering? Image: Nordea and Macrobond
Asia/U.S. High Yield Bond Spread Asian junk bonds look attractive relative to U.S. junk bonds. Image: Morgan Stanley Wealth Management