The positive momentum gained by fallen angels in the final quarter of 2023 carried over into January, surpassing broad high yield by 56bps. Sector-specific weakness may continue to manifest in ...

"Fallen angels" are corporate bonds that received investment-grade credit ratings when they were issued but have since been downgraded to junk. Historically, they have tended to exhibit greater ...

The pandemic’s economic shutdowns prompted dire warnings that record volumes of corporate bonds could lose their investment-grade ratings and become what investors call fallen angels. So far, though, ...

Fallen angels outperformed broad high yield by 0.53% YTD, driven by security selection and duration. This marks 15 years of historical outperformance out of the last 22 calendar years*. There were 10 ...

People have always been fascinated by stories of angels and the heavens. From ancient myths to modern books, angels represent hope, guidance, and the connection between the human and the divine. But ...