"Fallen angels" are corporate bonds that received investment-grade credit ratings when they were issued but have since been downgraded to junk. Historically, they have tended to exhibit greater ...
Bonds of companies that recently lost their investment-grade credit ratings may prove riskier in the near term but safer over the long term than other “junk” bonds, Standard & Poor’s said in a new ...
Fallen angels and broad high yield performed relatively in line in August, 1.53% vs 1.59%, with fallen angels trailing the broad market by 1.45% YTD. Weaker employment figures have also lent support ...
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