2022 was a difficult year for fixed income investors, but the sell-off has resulted in a much higher yield environment to begin 2023. Although many risks and uncertainties remain, the higher income generation available in fixed income markets inclusive of US High Yield dramatically improves the outlook for 2023. How can different segments of the high yield market add value to investors in today’s market environment? How should investors think about their High Yield allocation relative to other fixed income and equity asset classes?
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