December 21, 2021, 4:26 pm
High-yield bond sales are poised to slow from this year's record pace in 2022, supporting valuations of top-yielding corporate bonds.
The negative impact of the rate hike, which will hit higher-quality bonds hardest, is expected to be offset by a recovering US economy and strong corporate balance sheets.
"Good economic growth, improved corporate fundamentals, accessible financing markets and benign defaults are positives for the high-yield market," he said.
