high yield and em blackrock credit focus
Russ Koesterich explains why he favours the particular credit areas he does given his negative outlook for Treasuries.
Russ Koesterich explains why he favours the particular credit areas he does given his negative outlook for Treasuries.
Russ Koesterich discusses the problems he sees with US treasuries despie the improving economic backdrop in the US.
The Federal Reserve has extended Operation Twist and is to spend a further $267bn on long-dated securities by the end of the year.
The Fed is to buy and sell $400bn of US Treasuries to boost corporate business borrowing and consumer mortgage lending.