Q3 2022 High Yield & Bank Loan Outlook: Credit Yields Look Attractive Despite Rising Recession Risks—Guggenheim

Coming off the worst first half on record, credit investors are understandably anxious. The probability of a recession in 2023 is rising meaningfully, and there are some indications that it may have already arrived. In the lead up to recession, we expect to see corporate earnings outlooks fall, more credit downgrade...