High Yield markets ended the year on a negative note, driven by aggressive rhetoric from central banks to fight inflation despite slightly better figures. 2022 will go down as the 2nd worst year in terms of performance for the High Yield markets since the financial crisis of 2008. The significant rise in rates, to fight against inflation, coupled with the widening of risk premiums have contributed to volatility. The primary market shows the lowest volume since 2008 with an 80% drop compared to 2021