Liquidity - more than defaults - rules the high-yield debt market. And when defaults rise, price moves will be even more dramatic
Bonds trending closer to U.S. bond covenant quality
Report finds covenants declined this past year across all high-yield risk categories
Investors will be able to use the scores to rank quality among different loans
A total of eight Moody’s-rated corporate debt issuers have defaulted so far in 2014, with seven of those defaults coming in March
These type of bonds may be less vulnerable to rising interest rates
Returns in the high-yield debt market have been spectacular this year based on the increased appetite for junk bonds
The BMO U.S. High Yield Bond Fund now has over $1 billion in assets under management
Corporate defaults continue to be stable, rating agency says
Moody’s predicts that the global rate will hold steady in 2013