Fallen Angels Rise above the Havoc the Energy Sector Has Wreaked on High-Yield Bonds in 2014, Says Fran Rodilosso

NEW YORK--(BUSINESS WIRE)--“Fallen angels”, corporate bonds that were investment grade at the time of issuance but have subsequently been downgraded to below investment grade, have significantly outperformed the broad corporate high-yield bond market this year, as measured by the BofA Merrill Lynch US Fallen Angel High Yield Index (H0FA) and BofA Merrill Lynch US High Yield Master II Index (H0A0), respectively.