Is high-yield debt overpriced?

Jan 15, 2013

Junk bonds may offer attractive returns relative to sovereign debt, but both asset classes are at record low yields. Are investors taking sufficient note of fundamentals?

After a year in which investors poured money into bonds, from sovereign issues to emerging-market debt to high-yield, people are now asking if junk bonds are too expensive in light of the credit risk they pose. Some feel the answer is unquestionably "yes".

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]