Because high yield is just about the only place you can get yield within the U.S. without taking on interest rate risk. The question is whether investors know / are comfortable with the credit risk they are taking.
The Federal Reserve may cut rates a couple of times by year-end, but the pace and magnitude of easing in 2026 is unclear. There are still some roadblocks to lower bond yields.
Matt Sommer, Head of Specialist Consulting Group, discusses how the findings from Janus Henderson’s latest Investor Survey present an opportunity for advisors to address investor psychology in their practices.