Returns and issuance of high-yield corporate bonds in 2014 are expected to fall short of this year's stellar performance, investors and strategists say. They predict that continued market strength will open the door to more issuer-friendly terms, while the impact and timing of the Federal Reserve's stimulus-tapering plans will be a wildcard. Worries about Europe's credit woes and the dysfunctional U.S. government, meanwhile, have receded for the time being.
2014 High Yield Bond Outlook: Volume, Returns Expected To Fall After Stellar 2013
Forbes - 18 Dec 2013 19:32
Returns and issuance of high-yield corporate bonds in 2014 are expected to fall short of this year's stellar performance, investors and strategists say. They predict that continued market strength will open the door to more issuer-friendly terms, while the impact and timing of the Federal Reserve's stimulus-tapering plans will be a wildcard. Worries about Europe's credit woes and the dysfunctional U.S. government, meanwhile, have receded for the time being.
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