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The oil price slump and high yield’s fallen angels

"The steep decline in oil prices – briefly turning negative for the first time in history before settling to 18-year lows – has rattled high yield bond investors. It was caused by a perfect storm, as demand for oil collapsed during the Covid-19 crisis, while over-supply continued due to a spat between major producers Saudi Arabia and Russia. Prices remain low, requiring careful navigation.
In our latest webinar, client portfolio manager Joop Kohler will outline its likely impact on the high yield bond market, which contains a large number of shale oil producers. He will provide an update on how it is affecting Robeco’s Global High Yield Bond fund, and outline the latest trades and positioning. He will also comment on recent downgrades from investment grade to high yield.
Our interactive live webinar format allows you to connect with the presenters, along with their presentations, and ask questions afterwards. We focus on one topic – in this case, the oil price – with a full Q&A. So, don't miss your chance to get the inside story and expert view on how high yield bond investing is really playing out during a crisis!"
Recorded May 14 2020 31 mins
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Presented by
Joop Kohler, Client Portfolio Manager Fixed Income
Presentation preview: The oil price slump and high yield’s fallen angels

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    "The steep decline in oil prices – briefly turning negative for the first time in history before settling to 18-year lows – has rattled high yield bond investors. It was caused by a perfect storm, as demand for oil collapsed during the Covid-19 crisis, while over-supply continued due to a spat between major producers Saudi Arabia and Russia. Prices remain low, requiring careful navigation.
    In our latest webinar, client portfolio manager Joop Kohler will outline its likely impact on the high yield bond market, which contains a large number of shale oil producers. He will provide an update on how it is affecting Robeco’s Global High Yield Bond fund, and outline the latest trades and positioning. He will also comment on recent downgrades from investment grade to high yield.
    Our interactive live webinar format allows you to connect with the presenters, along with their presentations, and ask questions afterwards. We focus on one topic – in this case, the oil price – with a full Q&A. So, don't miss your chance to get the inside story and expert view on how high yield bond investing is really playing out during a crisis!"
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  • Live at: May 14 2020 2:00 pm
  • Presented by: Joop Kohler, Client Portfolio Manager Fixed Income
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