Episode Details

Tim Leary, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team discusses how the strong but not too strong economic conditions have led to a positive environment for fixed income markets.

Key points:

• Broadly speaking, the underlying technicals are very positive for corporate credit.
• Idiosyncratic risk in a few areas of the market have generated volatility.
• We experienced a higher default rate in March, but our view is that defaults will remain benign this year & trend upward next year.