‘Fallen angels’ target of trending fixed-income strategy
There’s been a flurry of interest in so-called fallen angels recently as investors seek alternatives to the ultra-low yields on high-grade debt.
Speculative grade bonds
S&P downgrades fewer junk-rated companies in July
The number of junk-rated companies downgraded fell to 19 in July, comparedwith an average of 30 for the trailing 12 months. The upgrade count also fell 10, down from 19 in June.
By
Glen Fest
