Market Analysis, Thematic and product insights
13/02/2025The restrictive monetary policies introduced by central banks in 2022 considerably increased the cost of financing for companies, leading to a sharp drop in primary issues on the credit market. This contraction was particularly marked in the High Yield segment, where the volume of new issues fell by almost 80% between the peak of 2021 and 2022. The gradual recovery observed in 2023 and 2024 was mainly concentrated on refinancing transactions.
Read the full analysis of Victoire Dubrujeaud and Alexis Sebah, High Yield Portfolio Managers at Edmond de Rothschild Asset Management.