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A historical quarter – facts and figures
Having registered an enticing +14% return in 2019, global high yield markets have taken barely six weeks to erode all of these gains. Experiencing the worst quarterly fall since Q4 2008 (in which global high yield (GHY) tumbled -18%), the first quarter of 2020 saw GHY markets retreat -13.63% as a realisation of the spread, scale and potential impact of COVID-19 took hold.
Please read the full piece here.