5’ Asset with Laurent Calvet (Tikehau Capital)

Video – In this latest episode of 5’ Asset, Laurent Calvet makes the case for High Yield bonds. Market conditions, interest rate trends, spreads, favoured sectors... Tikehau Capital’s head of fixed income covers it all in just five minutes. Or does he?

Rising interest rates and a deteriorating macroeconomic backdrop have transformed the bond market in recent years. High Yield bonds, in particular, are drawing close attention from asset managers hunting for returns.

What is the state of the market today? How are coupons and risk premiums (spreads) shifting? Which sectors look most – and least – promising? And what is driving issuance volumes and deal activity?

In this new episode of 5’ Asset, Laurent Calvet, head of fixed income at Tikehau Capital, takes on the challenge of defending his views on High Yield bonds in just five minutes. Did he pull it off?

Produced by Pierre Disch

Filmed on 23 September 2026