BoA: Corporate Debt Will Fall As Returns Three Times Average In 2016Rupert Hargreaves
July 2016 was yet another month characterised by the reach for yield. Bank of America Merrill Lynch’s July 2016 monthly high-grade credit research note points out that year-to-date the excess returns for lower rated corporate bonds are as high as 3.67% or nearly three times the 1.23% performance recorded for the higher rated corporates.
This year’s reach for yield has been unlike anything seen for the past decade. Since . . .
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