Morgan Stanley Investment Management has released its latest review of the US and European high yield markets for the third quarter of 2025. The report, titled "High Yield Market Monitor – Q3 2025," outlines the team's approach to assessing future returns in these markets.
According to the release, the high yield team believes that "fundamentals and valuations are the best determinants of future returns." The document emphasizes that the opinions shared reflect only those of the author at the time of publication and may change as market or economic conditions evolve. It also notes that these views do not necessarily represent all investment personnel at Morgan Stanley Investment Management or its affiliates, nor are they guaranteed to be present in every strategy or product offered by the firm.
The communication is intended for informational and educational purposes only and is not an impartial recommendation to buy or sell any securities. It does not address individual financial objectives or specific needs. The material includes illustrative charts and graphs, with a reminder that past performance does not guarantee future results and all investments carry risk, including possible loss of principal.
Readers are directed to consult full disclosures included with the complete report for additional details.