Fallen angel bond strategies are inherently contrarian. Exchange-traded funds like iShares Fallen Angels USD Bond ETF FALN buy bonds precisely when most investors are selling. These types of funds ...

The positive momentum gained by fallen angels in the final quarter of 2023 carried over into January, surpassing broad high yield by 56bps. Sector-specific weakness may continue to manifest in ...

"Fallen angels" are corporate bonds that received investment-grade credit ratings when they were issued but have since been downgraded to junk. Historically, they have tended to exhibit greater ...

In the wake of the coronavirus outbreak and the resultant lockdowns in various parts of the world, several corporations have been facing severe cash crunch. Consequently, an increasing number of ...

Armaros is often remembered as a fallen angel, one of the Watchers who transgressed divine law, but he was once a friend and ...

We explore the factors that may contribute to 2023 returns, including interest rate policy and its effect on the real economy, bond market expectations, and the impact of the yield curve. Fallen ...

The pandemic’s economic shutdowns prompted dire warnings that record volumes of corporate bonds could lose their investment-grade ratings and become what investors call fallen angels. So far, though, ...