Credit spreads, or the difference between yields on corporate debt and government notes, have tightened worldwide. This would usually indicate investors are more confident in the prospects for the private sector but contradicts what's an increasingly risky economic and investment outlook amid erratic US trade policies.

Meanwhile, liquidity remains a constraint and defaults – while low – are on the rise in the US. How does that change the game for a hedge fund that sometimes needs to take on-the-day bets? What surprising regions or industries hold gain for credit investors, and why is Mongolia one of them? And how much longer can the current “goldilocks” period for credit last? Monica Hsiao, co-founder and Chief Investment Officer of Triada Capital in Hong Kong, discusses investing in today's world of risk and the lessons learned from China's high-yield debacle. She joins John Lee and Katia Dmitrieva on the Asia Centric podcast.

See omnystudio.com/listener for privacy information.

The Sam Allberry Interview