Margaret Steinbach, fixed income director at Capital Group, and Warren Pierson, co-chief investment officer of the Baird Funds, join Scarlet Fu on "Bloomberg Real Yield." Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building. (Source: Bloomberg)
Margaret Steinbach, fixed income director at Capital Group, and Warren Pierson, co-chief investment officer of the Baird Funds, join Scarlet Fu on "Bloomberg Real Yield." Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building. (Source: Bloomberg)
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