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Citi analysts paint sobering outlook on risk asset rally

Developed world's corporate bond rally not sustainable, says credit products strategy chief

Mr King (left) said "we've just gone underweight in euro credit and there's a chance of being underweight in dollar credit", while Mr Lubin said what looks like a recovery in EM economic activity has a narrow base.


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...

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