2024-02-20 09:47:45 ET
Summary
- Leading credit investors believe that the case for high-yield bonds remains strong, with a high expected return.
- We look at the bullish setup for high-yield bonds.
- We look at the implications for SPHY to see if it is a good way to play this bullish setup.
Highly respected high-yield credit investors Oaktree Capital who manage the publicly traded Oaktree Specialty Lending Corporation ( OCSL ) and many other private funds under the leadership of legendary billionaire investors Howard Marks and Brookfield's ( BAM )( BN ) Bruce Flatt have recently asserted that:
the case for high-yield bonds remains very strong...[with a] high expected return...which is well above the ten-year average."
Read the full article on Seeking Alpha
For further details see:
Why High-Yield Bonds Could Outperform: Pick 7.5%-Yielding SPHY