RT Journal Article SR Electronic T1 Future Economic Information Embedded in High Yield Spreads JF The Journal of Fixed Income FD Institutional Investor Journals SP 32 OP 39 DO 10.3905/jfi.2016.26.2.032 VO 26 IS 2 A1 Jack Clark Francis A1 Christopher Hessel A1 Jun Wang YR 2016 UL https://pm-research.com/content/26/2/32.abstract AB Bond spreads aggregate the market participants’ view of future economic activity. In this article, we examine the embedded information in the growth rate of high-yield bond spreads. We predict growth rates of economic variables one, two, three, and four quarters in the future using high-yield bond spreads. We examine 84 economic variables and report significant information embedded in the growth rate of the high-yield bond spread for 58 of the economic variables.TOPICS: Fixed income and structured finance, quantitative methods