Market talk: rising bond yields raise risks for highly leveraged firms
RBC BlueBay Asset Management’s Mark Dowding says the recent rise in global bond yields threatens companies’ financial well-being, especially those with high debt; credit spreads have stayed fairly tight.
The recent rise in global bond yields poses a threat to companies' financial well-being, especially those with high levels of debt, RBC BlueBay Asset Management's Mark Dowding says in a note.
Credit spreads have stayed fairly tight in recent months, failing to price in the risk from geopolitical co…