How high yield bonds are riding the waves of volatility

With market volatility typically taking high yield bond spreads to a heightened level, T.Rowe Price believes the fundamentals of the asset class remain strong despite valuations, and has the potential to remain resilient during bouts of volatility. T. Rowe Price assesses the position of high-yield bonds, and their value, taking into account the role of the Russia-Ukraine crisis, rising inflation, and the consequential increasing interest rates.