Everyone seems to love corporate bonds these days. Maybe a little too much.
Demand for the asset class has been extremely robust. Excluding a blip earlier this month, there have been net inflows to credit funds for more than 30 weeks rolling, as investors of all stripes rush to get their hands on the juicy yields on offer in the era of higher-for-longer benchmark interest rates.
Even solid companies are issuing debt with high returns — not great news perhaps for them, but good for investors. And on the whole, it does not appear that companies are struggling with their debt burden.
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