Really, High-Yield Outperforms When Rates Rise, Finds Fridson

It’s well understood by investors that high-yield bonds ought to have higher returns than investment grade bonds in a rising rate environment. This isn’t just due to their lower duration, or sensitivity to interest rate moves, finds Marty Fridson, chief investment officer of Lehmann, Livian, Fridson Advisors in a new report published by S&P Capital [...]