Issues from triple-B credits should be among the most sought after assets within fixed income this year. Going overweight in lower investment grade credit was the consensus recommendation amongst investors gathered at the Euromoney Bond Investors Congress this week, although price volatility, ratings unreliability and the increasing probability of Japan's economic collapse were also at the forefront of investors' minds. "The day of reckoning is fast approaching for Japan," said Dan Roberts, chief investment officer at Pareto Partners.
February 22, 2002
