Animal Spirits Podcast – Talk Your Book: Investing in Fallen Angels
January 25, 2023
Read Time 2 MIN
In this episode they cover:
- How the fallen angel idea came about
- How the risk of default calculations work
- What happens to a bond when it transitions from investment grade to high yield and vice versa
- High yield vs the S&P 500
- Rising stars vs. fallen angels
- Being tactical with fixed income
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