Fixed Income Boutique
Based in Zurich and New York, the Fixed Income Boutique is an active manager aiming to capitalize on market trends and inefficiencies.
Global High Yield Outlook 2023 – A fortunate year for income
Fixed Income Boutique
Greetings from the Global High Yield Bond team! We hope you all have had a nice start to the year in life and in the markets. We are optimistic for a better and positive year in 2023 as we believe investors will focus on the attractive all-in yields and manageable risks.
We expect less volatility in 2023 as investors gain confidence that central banks around the world are nearing the end of interest rate hikes to combat rising inflation. While inflation growth remains quite strong from a historic perspective, it seems to have peaked and is starting to come down. This can lead to a soft landing of economies in developed markets.
High yield markets entered the year at an attractive entry point and investors can enjoy the power of high carry with still solid credit fundamentals. As we turn the page on a challenging 2022, we are hopeful 2023 will be a fortunate year for many things, especially income. Please find more details in our new Global High Yield Outlook.
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