Value Bonds Quarterly Update

04.08.2014
“One very important reason why there is not a bubble in corporate bonds is the fact the global default outlook is still good – i.e. defaults will probably stay around 2-3% p.a. for the next couple of years.”
“One very important reason why there is not a bubble in corporate bonds is the fact the global default outlook is still good – i.e. defaults will probably stay around 2-3% p.a. for the next couple of years.”
In their latest Letter to Shareholders, Sparinvest’s Value Bonds team look at why the Fed is behind the curve on interest rates, why monetary policy is far from over in Europe and why any bubble is in sovereigns, not in corporates.

 Latest insights into global credit market investment from our Value Bonds team. Read more here.

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