High Yield 4Q23 Investor Survey and Outlook: Credit Crunch

High yield had a great year in terms of returns in both US and Europe. In Europe, we saw just two index defaults this year and the proportion of stressed and distressed bonds is under control while its surged in the US. Will 4Q sustain this year's gains, and when do we see a default wave, if any? Listen to Mahesh Bhimalingam, Bloomberg Intelligence's Chief European Credit Strategist, discuss the results of the 4Q23 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. They discuss our 4Q23 investor survey publication, covering investor positioning, sentiment, key return drivers, default and supply forecasts and relative-value opinions by geography, rating and sector in detail.