Prospects of the high–yield bond market

The paper examines the possible prospects for the development of the Russian high–yield bond market, and also addresses certain issues related to the functioning of small and medium–sized businesses. The study of the market prospects was conducted in the context of the scenarios of macroeconomic development proposed by the Central Bank of the Russian Federation. The article also focuses on the main competitors of high–yield bonds in the niche of small business financing instruments, including digital financial assets.