The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Senior Fixed Income Strategist
Summary: The desperate search for yield over the past few months has led bond investors to seek relative value in the EM and corporate junk spaces. But while the yields available are attractive, is the risk really worth it?