Q4 2022 High Yield & Bank Loan Outlook: A Strong Credit Market Shapes the Default Outlook—Guggenheim

November 23, 2022 in Research Alliance

The possibility of a U.S. recession raises the probability of rising defaults in credit markets. The stress in this cycle is driven by unforgiving high interest rates as opposed to previous cycles triggered by a specific sector-related shock. Despite growing headwinds for the economy, however, we remain encouraged b...