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Quarter-End Insights

Credit Markets: Investment Grade Struggles While High Yield Strengthens

Most fixed-income indexes declined in the second quarter as rising interest rates took their toll.

Mentioned: , , ,
  • The yield curve continues to flatten.
  • Outflows among high-yield open-end funds overwhelm ETF inflows.
  • Downgrades edge out upgrades during the second quarter 

Summary

David Sekera does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.