Indices of high-yield bonds and speculative-grade loans are showing growing investor confidence. While corporate defaults rose modestly in 2023, there is a general sense that many investment portfolios are in a good place.
Goldman Sachs’ head of global credit and acquisition finance, Christina Minnis, has referred to a rebirth in demand for riskier company debt as the cost of capital reverts to more acceptable levels.
The evidence backs this up.
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