With default concerns abating, more investors are returning to the market. For example, Stephen Schwarzman, who runs Blackstone Group LP, expects the world’s biggest distressed-debt investment firm to also buy into the rally.[Default Fears Abate, Investors Return to Junk Bond ETFs]
“We are quite busy in the fixed-income area with energy,” Schwarzman said on Bloomberg. “If you are financing energy companies that have a need for money, and you can make a satisfactory arrangement, that is a good place to be.”
SPDR Barclays High Yield Bond ETF
For more information on the speculative-grade debt market, visit our junk bonds category.
Max Chen contributed to this article.