The worldwide investment-grade corporate debt market has shrunk by $805 billion this year, and the global junk market has lost $236 billion, according to Bloomberg data. “Twelve-month forward excess return expectations from current levels are historically good,” Greg Venizelos, a credit strategist at Axa
Global Corporate Bond ETFs Are Taking a Beating
The worldwide investment-grade corporate debt market has shrunk by $805 billion this year, and the global junk market has lost $236 billion, according to Bloomberg data. “Twelve-month forward excess return expectations from current levels are historically good,” Greg Venizelos, a credit strategist at Axa