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Global Credit Spreads Tighten to 2022 Low as Buyers Rush In.
- Source :
- Bloomberg.com; 1/26/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Corporate bond investors are purchasing new issues globally to take advantage of high yields before potential interest rate cuts by major central banks. Yield premiums on bonds in the Bloomberg Global Credit Corporate index tightened to the lowest level since January 2022. This tightening of global spreads follows better-than-expected US economic growth in the fourth quarter of 2023. However, caution is advised as defaults for weaker firms are increasing and developers in many countries are under pressure. Concerns about the Chinese economy have also affected investor sentiment towards Asian debt. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 175051725