395. High yield bonds in a world of chaos

With geopolitical tensions rising and inflation concerns returning, bond markets are facing another major test. Rhys Davies, manager of Invesco Bond Income Plus (BIPS), joins us to discuss why high yield bonds have remained surprisingly resilient, how spreads are behaving and whether markets are becoming too complacent about risk. The conversation also explores portfolio positioning in uncertain conditions, the importance of diversification and why shorter-duration bonds are helping manage volatility.What’s covered in this episode: High yield bond resilienceGeopolitics and market volatilityInflation and interest rate risksCredit spreads explainedPortfolio positioning in uncertain marketsWhy duration mattersSatellite infrastructure opportunitiesInsurance bond issuanceManaging downside riskDiversification in bond portfoliosCredit default swaps explainedIncome generation in volatile marketsMisconceptions around high yield bondsAttractive yields in niche areasLearn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.