High-Yield Bonds Outperformed During Bund Selloff

The potential for high-yield corporate bonds to outperform in a rising rate environment has been the subject of serious debate among bond titans, most publicly between DoubleLine Capital’s Jeffrey Gundlach and Marty Fridson, chief investment officer of Lehmann Livian Fridson Advisors. In Fridson’s latest volley, published by S&P Capital IQ LCD, he shows that high-yield [...]