High Yield 2Q23 Survey and Outlook: Credit Crunch

European high yield had its first default but the proportion of stressed and distressed bonds is under control after a positive first quarter for returns. Will 2Q sustain the 1Q gains and when do we see a default wave, if any? Please join Mahesh Bhimalingam, Chief European Credit Strategist, Bloomberg Intelligence as he discussed the results of the 2Q23 High Yield Survey and comment on the market outlook and trends in a Q&A format with George Flynn, Head of Credit at Wisealpha Technologies. We discussed our 2Q23 survey publication covering investor positioning, sentiment, key return drivers, default and supply forecasts and relative value opinions by geography, rating and sectors in detail.