Fallen Angels underperformed Broad High Yield by 160 basis points in Q2 and are now lagging by 153 basis points year to date. Q2 underperformance was mostly driven by weakness in the telecom and real ...
The positive momentum gained by fallen angels in the final quarter of 2023 carried over into January, surpassing broad high yield by 56bps. Sector-specific weakness may continue to manifest in ...
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