FYI: Junk bonds found support near two-year lows on Monday as equity markets rebounded. Concerns about earnings, trade and geopolitics are weighing on credit, but some investors see buy signals.
“It is not time to throw in the towel on this economic cycle,” Scott Roberts, who oversees $6 billion in high-yield bonds at Invesco Ltd., said Monday. Recent junk-bond weakness was driven by the correction in equity prices, as well as concerns over Italy’s budget standoff and Chinese growth, he said.
Regards,
Ted
https://www.fa-mag.com/news/high-yield-bonds-find-footing-after-slump-to-lowest-since-2016-41645.html?print
