Coronavirus Roundtable - High Yield Debt Opportunities (Video Transcript)

We speak with Jeremy LaKosh of High Yield Digest about the high yield market and why he's seeing opportunities.
He sees added protection with bonds as compared to equities in this part of the market, and likes baby bonds as an example of this.
As with equities, energy bonds are trading cheaply, and there may be opportunities.
Editors' Note: This is the transcript of the video we posted last Thursday. Please note that due to time and audio constraints, transcription may not be perfect. We encourage you to listen to the video as well as a combined podcast featuring two other interviews along with this one, embedded below, if you need any clarification. We hope you enjoy.
Daniel Shvartsman: I’m Daniel Shvartsman, the Director of the Seeking Alpha Marketplace, continuing our video series around the coronavirus market. I’m joined today by Jeremy Lakosh, author of High Yield Digest, a service on the Seeking Alpha Marketplace, where you can track 2,000 high-yield securities, with dashboards and in real-time portfolio.
More Marketplace Roundtable Podcasts »
Listen and subscribe to the Marketplace Roundtable on these podcast platforms:
iTunes/Apple Podcasts Spotify Stitcher Seeking Alpha The conversation with Jeremy runs from :30-24:00 minute mark.
So Jeremy, good morning. Nice to see you.
Jeremy Lakosh: Good morning, Daniel.
DS: So fixed income has been a really interesting place, in general. There was some immediate dislocations in March and then the Fed really stepped in, in a big way. And that’s arguably where they’ve stepped in the most. I’m curious how you see that, especially in the high-yield end affecting the opportunity set. Are you still seeing bargains? Are you still seeing opportunities?
JL: So the Fed has created some pressure in terms of – I like to buy things when there are, especially if you see stresses like this, I like to get things cheap. And the Fed, by coming in and buying investment-grade... Read more