Credit Spreads Look Priced for Perfection, Thornburg Says
Corporate bond spreads, the extra yield investors demand for default risk, have tightened for three years even as delinquencies and bankruptcies climbed, according to Thornburg Investment Management. Key Takeaways: Corporate credit spreads have tightened even as delinquencies and bankruptcies have climbed. Ba-rated junk bonds are trading at investment-grade Baa’s historical spread levels. TPLS finds its [...]
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