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 ...

The positive momentum gained by fallen angels in the final quarter of 2023 carried over into January, surpassing broad high yield by 56bps. Sector-specific weakness may continue to manifest in ...

A fallen angel is a bond downgraded from investment-grade to junk status due to a decline in the issuer's financial stability ...

January 2023 was the strongest start to a calendar year since 2019, where broad HY posted 4.59% and fallen angels 4.67%. Still, CCC & Lower rated bonds took the lead with a 6.22% return, despite the ...

The hunt for yield continues to plague many financial advisors and their clients. The longest-term Treasury bonds are yielding only about 2%. To get even a 4% yield, you'd have to venture into junk ...

Fallen angel bond strategies are inherently contrarian. Exchange-traded funds like iShares Fallen Angels USD Bond ETF FALN buy bonds precisely when most investors are selling. These types of funds ...