High-grade credit, EMD the best stories
Recent rallies in spreads and equities have not yet taken away opportunities for investors, argues the CEO and CIO at MFS Investment Management.
The past two weeks have seen dramatic rallies in high-yield bonds, mortgage-backed securities and other asset classes, as well as an increased intensity in a two-month long rally in US equities. With interest rates in America virtually at zero, cash is an increasingly less attractive place to park money. Have investors with cash to deploy already missed the great opportunities?
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