In May, fallen angels underperformed the broad high yield market by 0.13%. Within broad high yield, BB and CCC and below rated bonds posted the same return, 1.23%, while single B rated bonds ...
We assess the performance of Fallen Angels since Covid using the FTSE Time-Weighted Fallen Angel Bond Index (TWUSFA), which ...
An unusual recurrence in the markets is the ‘January effect’. This is the phenomenon of downgraded debt consistently outperforming in the first month of the year. This has taken place in 18 out of the ...