As is the case with the muni market, corporates remain strong. Buyers are not running out of cash and are open to buy. Corporations are replacing higher coupon debt with lower coupons. It is recommended that some debt should be paid down and this is also a current practice. The corporate market is about 50% BBB-rated. Owning higher-quality has been a theme. Our guest Matt Brill, head of U.S. investment grade credit at Invesco, warns that: “winter is coming” and to prepare while times are good. John Hallacy hosts.
Investment-grade corporates are robust in a low-rate environment
