Fallen Angel Bonds Becoming A Rare Breed

Europe's bond managers have a problem; they're struggling to find attractive investments - specifically, fallen angel bonds. Bond managers are finding it increasingly difficult to find yield in a market that's dominated by the dovish European Central Bank and its large corporate bond purchases.


The problem for Europe's bond managers is two-fold. Firstly, junk bonds have been lifted by the rising tide and yields have contracted across the market. Second, companies are being . . .


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