Will attractive yields entice investors back into investment grade credit?
Spreads have widened considerably over govvies after pricing in the GDP slowdown but default rates remain low
Spreads have widened considerably over govvies after pricing in the GDP slowdown but default rates remain low
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Average sterling corporate bond fund outperformed gilts by 2.3% in the first seven months but cautious managers can’t afford to put all their eggs in one basket
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Last year’s once-in-a-lifetime buying opportunity becomes a distant memory as credit and high yield now offer little value
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Asset class was touted as ‘the bargain of the century’ shortly after Covid sell-off but spreads have narrowed significantly
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Blackrock fund manager Ben Edwards reckons 50-60% of the market still looks highly attractive
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But CFA UK membership views equities as increasingly better value
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As growth slows, a flood of downgrades may have a knock-on effect on wider debt markets
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Credit quality hits star funds in low beta fixed income sectors
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The Bank of England has raised concerns about liquidity mismatch in open-ended corporate bond funds as market makers retreat from the asset class.
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UK investors remained upbeat about global investment opportunities in February, but confidence in UK corporate and government bonds declined.
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Investors warmed toward UK asset classes in January, as general sentiment touched its highest level in eight months according to the latest findings from the Lloyds Private Bank Investor Sentiment index.
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Legg Mason has renamed the Western Asset Global Blue Chip Bond Fund to the Western Asset Short Duration Blue Chip Bond Fund.
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