Global capital markets are not pricing in the growing likelihood of rising EM corporate defaults.
A Drunk Man in the Snow: The Random Walk of Interest Rates—Guggenheim Investments
Investors’ reach for yield puts downward pressure on 10-year Treasury rates, likely rendering the current yield unsustainable.
A Ripe Environment for Strong Credit Performance—Guggenheim Investments
Our positive 2021 economic outlook, combined with better-than-expected company fundamentals, supports strong credit performance and spreads.