2min chapter

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Episode 32: Investment Grade Market Dynamics

Guggenheim Macro Markets

CHAPTER

The Investment Grade Corporate Bond Market

Justin Tsikata: When you think about the investment grade market, I think it's going to be predominantly corporate issuers. And our markets organized in what we call a corporate index, which sits at around $6 trillion worth of investment grade corporate credit. Outside that index, the overall market is closer to $9 trillion. This debt also can range within the investment grade scope. It largely consists of senior on secured debt. However, you can't have debt ranging from senior secured all the way down to junior subordinated debt.

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