High yield refers to bonds rated BB and below and generally includes companies with high leverage. Shawna Millman, Vice President and Director, TD Asset Management, speaks to Sara D'Elia about her analysis of the North American high yield market. She explains how there might be inefficiencies in the way the market values high yield, and the impact of rising interest rates on performance.
What are some of the misconceptions in the high yield bond market?
Where is the "sweet spot" for investors?
How could high yield perform in a rising rate environment?