Default expectations remain stable
Corporate bonds, high yield debt offer opportunities
Only one company defaulted in May
High-yield bond issuance may increase
Global high yield bond sales hit record in Q1
Managers of high-yield bond funds say the markets are moving back to “more normal” conditions
Fund linked to Renaissance Corporate Bond Fund
They’re more volatile than government or investment-grade corporate issues
”There are great opportunities, although you have to be cautious,” says the manager of one high-yield fixed-income fund
High-yield, fixed-income funds are not all created equal