Beyond Bulls & Bears

US High Yield Faces Double Whammy
Fixed Income

US High Yield Faces Double Whammy

Financial markets across the globe have been dealt a one-two punch—the spread of the coronavirus and an oil price war that caused prices to plummet. Glenn Voyles, Matt Fey and Bryant Dieffenbacher of Franklin Templeton Fixed Income examine the impact on high-yield credit.

Where Might Credit Risks Exist? Follow the Supply
Fixed Income

Where Might Credit Risks Exist? Follow the Supply

“Companies—and entire Industries—have quickly disappeared. When there is tremendous change combined with heavy supply, there are going to be winners and losers. I think we are likely to see an increase in idiosyncratic risk in the marketplace going forward. I’d label this technological innovation disruption.” – Roger Bayston, Franklin Templeton Fixed Income Group