Listen: Risky business - corporate bonds are ‘very expensive’
Fed Chair Jerome Powell said this week that the Bank is monitoring the corporate bond market, where spreads have narrowed to levels seen before the pandemic and yields on some of the riskiest debt are trading near historic lows. In this podcast, ING’s Jeroen van den Broek says the market is ‘very expensive’ and investors are underestimating the level of risk
In this podcast, ING’s Head of Sector Research Jeroen van den Broek tells Senior Editor Rebecca Byrne that very tight corporate bond spreads do not reflect the level of risk that investors are currently facing. The economic outlook is still uncertain, inflation is a growing concern and default rates are poised to stay elevated for a ‘substantial’ period of time.
29 January 2021
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