JHG News: Higher-for-longer rates will trigger domino effect on defaults - Janus Henderson - 27th Oct 2023, 10:01am

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By Chiara Elisei

LONDON, Oct 27 (Reuters) - The steepest jump in interest rates in decades will spark a domino effect on corporate defaults in the years ahead, asset manager Janus Henderson Investors said in a report on Friday.

Rising borrowing costs are back in stark focus following a rout in government bonds since September as investors adjust to the prospect of interest rates staying persistently high, which has also raised corporate bond yields.

The yield on high-yield corporate bonds pea...

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