Buy these cyclical high yield names, claims Deutsche Bank

Deutsche Bank’s high yield research sees no slowing down of the recent high yield rally and recommends cyclical names. 

TAGS: High yield bonds

Comment by: Anonymous. Posted 10 years ago [2013-05-04 11:58:42]

Not so fast, HY analysts. The market has its reasons for favoring Lufthansa over British Air and Heidelberg over Lafarge. Comparative metrics cannot look only at the financial side (leverage, expense reduction, etc). There's also the business side of credit analysis to consider.