Pop quiz: Which corporate debt has performed better thisyear—the U.S. dollar-denominated bonds issued by Russiancompanies or investment-grade U.S. corporates?
If you answered Russian ones, well done. For all the talk ofRussia's economic woes, it's actually the bonds issued by some ofAmerica's most creditworthy companies that have lost ground sofar in 2015. In fact, prices on U.S. investment-grade bonds fell1.1 percent alone in the first two days of June. Why the (rathersudden) lack of love for what was once one of the hottest assetclasses around?
Deutsche Bank strategists Oleg Melentyev and Daniel Sorid havesome thoughts.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
