. Bond investing needs a complete rethink « JO LEE MAGAZINE

Financial Times – The world is changing. The management of fixed income portfolios has to change with it. Looking forward now from any perspective is very different from times past.

The flow of money seeking a higher current return has narrowed the spreads at which corporate debt trades over government borrowing benchmarks. This has made it possible for companies with marginal credit ratings to both refinance and raise new money on very attractive terms.

Relevant Opinion column at Financial Times

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