Bond investors experience problems with obtaining cheap transactions

Investors seeking cheap offers in the credit market have passed their hardest time since at least a full generation. The constant height has led to extensive corporate debt assessments of high quality in the world. According to data collected by “Bloomberg” dates back to 2009, the difference between the returns of individual effects and the average index is the lowest ever. Risk boners are low for both first and vulnerable businesses. In high-risk bonds, the variation of yields is at the lowest levels since the period before the Kofid-19 pandemic. Significant risks for small returns on investors who currently want to improve their returns should be a much greater risk for an extra return. When a Customer April Larros asked ‘Insight Investment’ to improve the returns differences without wearing possible significant losses over the past few weeks, it did not have an immediate answer. “It is certainly not easy to find ways to increase the return without carrying new risks. It is very complicated. If the returns are differences, the performance (bonds) is very much contained,” the head of the investment department said in an interview. It is likely that the growth of credit indicators and funds with a fixed right will play a role in this regard: as investors buy most of the market offer, which contributes to reducing the proceeds of the mortgage. The absence of contrast in the returns is difficult to find profitable transactions. The large flow on corporate bonds has recently been poured out, as investors are strong behind securities that offer higher returns than treasury effects, even with relatively narrowing differences. Insurance companies also bought the corporate debt to form retirement products to sell for the growing number of US retirees. At the same time, the average risk allowance for worldwide effects with high quality Thursday reached 82 basis points, which is almost the lowest level since the global financial crisis, according to data collected by “Bloomberg”. The case does not differ much in the high -risk effect market, as the differences in the yield have moved away by about a quarter percentage point from the lowest levels it recorded in February since the financial crisis. Reasons for caution, there are reasons for investors to be careful not to increase the risks of increasing the returns. The growth of jobs in the United States has delayed sharply over the past three months. Fear of the deterioration of economic activity in the United States has begun to overwhelm inflation caused by customs duties, if it considers the greatest danger to the market, according to the latest vocal bush for the acquisition manager. “It seems that the market challenges are facing,” said Andrew Chorutton, senior investment officer in Infinter at M. & G -Inseclit. And added that there is currently a large amount of indulgence in the credit market. Although the company is still very vulnerable to corporate debt, its investment managers have increased their investments in more defensive assets such as cash, government bonds, covered bonds and securities guaranteed from the AAA category. He added that these categories are expected to achieve better performance than to “continue the indiscriminate investment in the corporate bond market, assuming that things will remain forever in this way.” The finding of cheap and highly returned effects is also challenging. Choosing the outstanding return without using the upset debt or debt with an unattractive credit rating that is not widely distributed was a major concern for Al -Katrmul, the director of the fixed income portfolio in “Mirabud aset Mengumant”. “I do not want to add CCC effects that are traded like category (b) bonds,” Catmelol said, referring to the various credit rating series in the non -attractive bond market. “This is the dilemma we are currently facing.”