Credit markets are underpricing inflation, debt risks: Robeco CIO
Against this backdrop, the asset manager favours shorter-duration exposures and higher-quality credit
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[SINGAPORE] Credit markets are failing to price in renewed inflation risks and mounting global debt, even as private-credit vulnerabilities build up beneath the surface, warned Anton Eser, chief investment officer (CIO) at Robeco.
Spreads across both investment-grade and high-yield credit remain tight in public markets despite a more fragile macro backdrop, pointing to what he described as a “fairly large amount of complacency”, he told The Business Times.
“We are not being paid an exceptionally high amount of spread for the given environment we are in,” he added.
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