High-Yield Is Very Attractive: Gartside

The video discusses the impact of oil prices on US high yield debt, highlighting a supply shock and the improbability of a US recession. It explores the attractiveness of high yield bonds in the US and Europe, noting low default rates. The discussion shifts to the risks in the US energy sector and the benefits of European high yield markets. Concerns about European government debt, particularly in Portugal and Spain, are addressed, with a focus on ECB actions. Finally, the video examines European financials, emphasizing their attractive pricing and the overblown concerns about Cocos.

How does the current job growth in the US influence the likelihood of a recession?

What factors contribute to the attractiveness of high yield bonds in the US and Europe?

What are the risks associated with US high yield bonds compared to European high yield bonds?

What is the significance of the ECB's actions on European financial markets?

In what ways are European banks currently positioned in the market?