There are a number of mixed signals and misconceptions in the financial markets today. Markets are hard to make sense of, but it is often during times of confusion when investors have the most to gain. We see abundant value in today’s high yield market for active, selective managers, but navigating this can be difficult with all the noise concerning this market right now. In order to better understand the high yield space, we look through a few of the headlines and fears driving the market, yet where the underlying circumstances don’t add up, and discuss the value we see in high yield bonds in our latest piece “Making Sense of Markets.”