Oct 4, 2024
Sean Feeley, part of the U.S. High
Yield Investment Group at Barings, says he believes that with the
bulk of interest rate adjustments happening at the short end of the
yield curve, a wave of refinancing of shorter-term debt is coming,
and that this typically makes high-yield investments look more
attractive. Feeley expects the economy to avoid a recession, with
strong balance sheets contributing to a soft landing situation that
plays out into 2025.