Even as the Federal Reserve seems intent on raising interest rates, some investors are turning to U.S. high-yield bonds. So just where are we in the credit cycle and is the yield in high yield bonds properly compensating investors for risks? Kim Parlee speaks with Greg Kocik, Managing Director at TD Asset Management and Oleg Melentyev, Head of High Yield Credit Strategy at Bank of America Merrill Lynch.
Where are we in the credit cycle?
Are we nearing the end or the beginning of the U.S. credit cycle?
Are the yields for high yield properly compensating for the risks?