The Q2 2021 European High Yield Survey Results Are In!
Thank you to Everyone who took part, especially to Mahesh and Bhumika for their analysis.
Risk on continues to be the theme, with single B remaining the sweet spot and CCC’s seeing responses edge into “very overweight”. Sector wise it is all about cyclicals with Covid hit sectors seeing their portfolio weightings increase. Teclo’s/ Communication remains the least favoured sector.
Valuations and Default outlooks compared to Q1 suggest that investors may be beginning to have an eye on the exit with no investors seeing HY as “cheap” and default expectations edging up.
The full analysis by Bloomberg Intelligence can be downloaded here
EHYO is looking for proactive people who want to share their view, building Europe’s first Online Community for High Yield. It is Free to sign up – if you want to get involved sign up here
Finally – if you are one of the 100s of people who read the survey online and on the Bloomberg Terminal, but you did not participate – please sign up using the form below! Your view counts and the survey takes minutes. Stronger. Together.