Is high yield today more resilient to oil volatility? Not at any price

High yield is not responding to the fall in oil prices like it’s 2016. Russ talks why the pain point is lower today than 18 months ago. Investors, myself included, continue to marvel at the low volatility regime. Measures of equity and bond volatility remain at or near all-time lows. As I’ve discussed in previous…

Continue reading at BlackRock Blog →