Investors seeing value as spreads start to disperse and UK rate rise looms

The new issue market has been stumbling from short issuance window to short issuance window since the start of June, with the periods of no issuance in between often seeing corporate bond spreads widen. That widening however, has started to create a perception among investors that there is value to be had.

  • By Nigel Owen
  • 11 Jul 2018

“The widening has created both value and a decompression of spreads between asset classes,” said London-based Marilyn Watson, head of global fundamental fixed income strategy at American investment management firm BlackRock. “We have shortened duration and increased quality, but we are starting to see value.”

“Recent moves ...

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