Well over 95% of high-yield bond market returns come from yield
Dave Brizano · David Breazzano - High Yields and Low Risk at Polen Capital (EP.405) · Sep 12, 2024 · at 11:47
Polen Capital credit investor Dave Breazzano explains that long-term high-yield bond returns are overwhelmingly driven by yield rather than price swings.
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“So when one factors all that together, you observe that well north of 95% of the return profile in the high yield market is the yield.”
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