Ashley Wright and Tim van der Weyden Leveraged Finance Portfolio Managers, join Mike Reed, Head of Global Financial Institutions, to explain high yield bonds and leveraged loans. They discuss how the market has undergone a remarkable transformation in recent years, evolving from its reputation as a speculative ‘junk bond’ space into a sophisticated, well-regulated asset class offering compelling, risk-adjusted returns. Yet despite attractive yields, recent turmoil in private credit markets has renewed investor concerns about leverage and liquidity, and in this episode, they highlight how active management, strong capital markets relationships and rigorous downside protection are key to navigating the asset class.