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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
For illustrative purposes only. Current and historical analyses do not guarantee future results.
As of August 31, 2023
Source: Bloomberg Global High Yield Corporate Index and AB
Historical and current analyses do not guarantee future results.
Price and yield for market is represented by the Bloomberg Global High Yield Corporate 1–5 Year Index.
As of December 31, 2002 for years 2004 through 2022. For 2023, yellow dots indicate positions as of December 31, 2022 and as of August 31, 2023.
Source: Bloomberg and AB
Current and historical analyses do not guarantee future results.
Indices used are Bloomberg Global High Yield Corporate Index, hedged to US dollars, and US 10-Year Treasury Bond Yield.
As of August 31, 2023
Source: Bloomberg and AB
Past performance does not guarantee future results.
Periods when US high-yield spreads widened 50 b.p. or more. US corporate high-yield returns and spreads are represented by Bloomberg US Corporate High Yield Index; global high-yield hedged returns are represented by Bloomberg Global High Yield Corporate hedged to USD Index; and higher-quality short-duration high-yield returns are represented by Bloomberg Global High Yield Ba/B 1–5 Year Index hedged USD.
As of August 31, 2023
Source: Bloomberg and AB
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.