“A strong fourth quarter capped off a comeback year in 2023. Risk assets bounced back from disappointing 2022 results…Strong performance of risk assets extended to the below investment grade universe as well. The U.S. High Yield Index and U.S. Leveraged Loan Index were both higher by 13% on the year as credit spreads tightened and corporate defaults remained low.”
– Canso Investment Counsel Ltd.
Read the full newsletter at the link below.Canso January 2024 Corporate Bond Newsletter