It has been high times for high yield bonds over the past year. The asset class weathered the oil price plunge and has since increased by as much as +25% over the past year. High yield default rates that had once soared into dangerous territory have also since been swiftly coming back down. And even better than its stock market counterparts, the high yield corporate bond market is well into record territory on a dividend-adjusted basis. So what could the high yield bond market have to possibly worry about today?
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