Columbia Threadneedle’s High Yield Insight (Sept 2025), authored by Chris Jorel, CFA, examines shifting dynamics in the U.S. high-yield market.
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After years of broad-based gains, credit-specific risk has re-emerged, with higher-quality issuers outperforming as weaker names face rising distress.
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The share of negative return outliers tripled in 2025, underscoring the growing dispersion and need for selective, research-driven positioning.
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With spreads near multi-decade lows, rigorous credit analysis and downside protection are crucial to navigate the next phase of the cycle.
How can investors identify durable alpha sources as high-yield dispersion accelerates? Explore the full insight for detailed analysis.
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