Are investors being paid to take risk within credit?

With spreads tightening and economic uncertainties still lingering, the margins for error in the credit markets are slim. High-yield bonds and corporate credit offer attractive returns, but at what cost? And are investors being adequately compensated for the risks they take? According to Ian Horn, Portfolio Manager at Muzinich & Co, the key to answering this lies in discerning whether the yield justifies the potential volatility and downside. As market conditions shift, investors need to carefully assess the risk-reward dynamic across different segments of the credit spectrum. In this article,...