Episode Details

Tight spreads, tighter credit: What’s next for high-yield?

Tim Leary, Senior Portfolio Manager on RBC GAM’s BlueBay U.S. Fixed Income team, shares insights on high-yield market dynamics and potential credit risks in the year ahead.

1. Spreads across high-yield markets remain tight, supported by strong investor interest and steady issuance.
2. High-yield bond issuance can align with positive returns, underscoring resilience in market performance.
3. Trump’s proposal to cap credit card fees at 10% could hurt borrowers, with subprime consumers likely facing reduced access to credit.