The excess of credit also lowers the costs of carrying assets, which in turn leads to more trading, and bid / ask spreads tighten. (alephblog.com)
Our allocation to Investment Grade and High - Yield Corporates, as well as Emerging Market (EM) debt, positively impacted performance as spreads tightened in January (hartfordfunds.com)
All told, we see another coupon - driven year for high yield with total returns of about 6 % possible as spreads tighten in line with anticipated modest increases in interest rates. (federatedinvestors.com)