Howard Marks of Oaktree released a new memo for his clients today on the state of the high yield bond market.
With many pundits weighing in on the possibility of there being a high-yield bond bubble, Marks provides his valued insight. A bit surprisingly Marks isn't terribly pessimistic on the high-yield market as you might expect.
Here is the link to his memo:
http://www.oaktreecapital.com/MemoTree/High%20Yield%20Bonds%20Today%20Revision%201.pdf
With many pundits weighing in on the possibility of there being a high-yield bond bubble, Marks provides his valued insight. A bit surprisingly Marks isn't terribly pessimistic on the high-yield market as you might expect.
Here is the link to his memo:
http://www.oaktreecapital.com/MemoTree/High%20Yield%20Bonds%20Today%20Revision%201.pdf