HALISTER1: JPM Revises High Yield Total Return Forecast for 2016 to 17%

JPM Revises High Yield Total Return Forecast for 2016 to 17%

(Bloomberg) -- Total return for U.S. high yield bonds in 2016 is expected to be 17%, up from an original estimate of 12%, in what would be the strongest performance for the asset class since the financial crisis, JPM strategists led by Peter Acciavatti write in note.
  • Expect spreads to end the year at 550bps, revised from an earlier estimate of 800bps
  • Expect yields for high yield to end the year at 6.75%
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Source: BFW (Bloomberg First Word)

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Peter Acciavatti (Bear Stearns & Co Inc)

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