MS: Higher Rates Won't Hit High-Yield Debt….Yet
High-Yield Debt should get hurt as interest rates rise - right? Maybe not
Last year the 10-year Treasury yield rose by 124 basis points from the trough in early July through to its peak. Many Wall Street analysts are predicting another leg higher for the benchmark this year but what will higher rates mean for corporates?
Since the financial crisis, as interest rates have been pushed ever lower . . .
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