Bloomberg
Bond Investors Take Ever-Riskier Bets in Hunt for Returns
(Bloomberg) — Bond investors, emboldened by a recovering economy and a global vaccine rollout, are taking on more risk, sometimes a lot more risk.Insurers, pension systems and high-grade credit managers in the U.S. and Europe are buying bigger amounts of junk-rated debt to offset shrinking yields, forcing high-yield investors to jostle for allocations of BB rated bonds — the safest and largest part of their class with 60% of…
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