5% YTW for High-Yield 'Not Too Shabby': Creditsights' Cisar

The video discusses the concept of yield to worse, market volatility, and the attractiveness of a 5% yield in high yield investments. It examines the credit markets, noting that credit spreads remain stable, indicating a low default environment. The discussion also covers the potential impact of rising interest rates on corporate debt, highlighting that current borrowing conditions remain favorable. The video concludes with a look at corporate cash balances and the ability of companies like Microsoft to raise large amounts of capital.

Discuss the potential risks associated with rising rates and corporate debt levels.

What role does the Federal Reserve play in the functioning of credit markets?