Citi analysts paint sobering outlook on risk asset rally
Developed world's corporate bond rally not sustainable, says credit products strategy chief
Singapore
THE world has piled on the economic growth bandwagon, but the bearish Matt King, Citi global head of credit products strategy, continues to tell clients that no, the developed world's corporate bond rally is not sustainable.
"We've just gone underweight in euro credit and there's a chance of being underweight in dollar credit. I think the whole situation is less durable than people tend to imagine," he said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China central bank says treasury bond trading will be two-way
US wholesale inventories drop by unrevised 0.4% in March
China, Serbia chart ‘shared future’ as Xi Jinping visits Europe
World extends run of heat records for 11th straight month
SpaceX’s unit Starlink secures Indonesia operating permit
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says