Easy money and high leverage mean there are a historically large number of corporate bonds teetering on the edge of investment grade. As the credit cycle ends and rates rise, bond investors need to focus on which ones won't fall over the edge.
The more than $90 billion that flowed into U.S. high-yield bond funds in the wake of the financial crisis has flowed back out—and more besides—even though the performance of the asset class is holding up.
The CIO of Legg Mason’s Western Asset Management says that despite the prevalent view, inflation is not rising significantly, and the “reflation trade” has gotten ahead of itself. The best opportunities? Emerging market debt.
Trusts and estate lawyers are facing high-class problems, EP Wealth Advisors names a new CEO and 280 CapMarkets launches 280 BestX document support.