Several Years Away From High-Yield Correction: Michele

The transcript discusses the current state of the bond market, focusing on high yield bonds, the impact of declining energy prices, and the role of the Federal Reserve in monetary policy. It highlights opportunities in the European bond market and Eastern European countries, while addressing concerns about potential mass exodus from bond funds due to regulatory changes. The discussion also touches on the implications of interest rate normalization by the Fed.

What factors contribute to the current high yield in the bond market?

How do credit spreads and default rates affect investment decisions in high yield bonds?

What is the significance of energy prices on the high yield market?

What are the implications of the Fed's monetary policy on high yield bonds?

How do European bond markets compare to those in the US according to the discussion?

What concerns do regulators have regarding bond funds and potential outflows?

Discuss the potential risks associated with a crowded trade in bond markets.