O Come, High Yield Faithful: Is Risk Back On?

That need for high-yielding assets could be spurred on even more should a year-end rally occur in U.S. equities. Even though both the stock and bond markets march to the beat of their down drum, a risk-on sentiment could fuel either asset class.

As for now, the markets appear to be welcoming Powell’s latest comments on the economy, possibly beckoning the high-yield faithful.

For more trends in fixed income, visit the Fixed Income Channel.