Teetering on the edge of a double dip

Following unprecedented levels of monetary and fiscal stimulus risk markets broadly continued to recover through the third quarter pricing in close to a ‘V-shaped’ economic recovery. September however has seen a pick-up in volatility as coronavirus cases rise again in Europe and geopolitical events such as the US election and Brexit approach. In this presentation, Seth Meyer and Tom Ross, portfolio managers on high yield strategies at Janus Henderson, discuss some of the pressing questions facing the high yield bond asset class, including: • How is the economic backdrop feeding through to corporate credit fundamentals? • Is this time different from a cyclical perspective across regions, sectors and names? • What are the risks and opportunities you see in high yield as we go into year end and beyond?