BAML Warns That High Yield Risks Are Growing

It is election day so most news is focused on polls but Bank of America thinks you should pay attention to something else (as well) – High Yield Risks With uncertainty around the presidential election nearing an end, it might be time to take a hard look at other risks that have existed alongside in the market but not always fully evaluated. In its most recent note, Bank of America Merrill Lynch’s High Yield Strategy team is focusing on what it calls “underappreciated risks,” days after questioning the bullish high yield thesis. “…investors are currently underappreciating several risks that have…