High-Yield Spread
Bloomberg The Open
April 21st, 2023, 10:34 AM EDT
Michael Collins, senior portfolio manager at PGIM Fixed Income, says the spreads in high-yield credit are likely to widen as corporate defaults rise. "We think as a shop that credit spreads will probably probably should push 100 basis points wider from here before you get excited and start buying them," he says on "Bloomberg The Open." (Source: Bloomberg)
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