Arizona research trip: US high yield in times of the fiscal cliff

James recently returned from a research trip to the US. He attended the Deutsche Bank Leveraged Finance Conference in Arizona, gaining insights into US market sentiment ahead of the presidential elections and the arising fiscal cliff. Following his latest research trip to Chicago, James had further meetings with a considerable number of US high yield issuers and discussed their outlook for 2013. The conference also created an excellent framework to share market views amongst fellow investors. Most of the talks with both issuers and investors were centred on the fiscal cliff. Therefore, the speeches of George W. Bush and Bill Clinton, guest speakers at the conference, proved to be quite valuable. Have a look at this short video from his trip in which James summarises his main observations and conclusions just before the Election Day for you.