The Credit Edge by Bloomberg Intelligence
Credit Buyers Mask Up as US Sneezes, Says CreditSights
Mar 20, 2025
Winnie Cisar, the global head of strategy at CreditSights, dives into the shifting landscape of corporate credit investments as global portfolio managers look beyond the US for opportunities amid rising volatility. She discusses the implications of trade wars and stagflation on US borrowers while highlighting potential investments in sectors like industrials and Boeing bonds. With US exceptionalism waning, Cisar emphasizes the increasing allure of markets in China and Europe as investors adapt to new economic dynamics.
43:21
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Global portfolio managers are seeking alternatives in international debt markets as US market volatility raises concerns about economic stability.
- Despite cautious optimism regarding high yield bonds, challenges in consumer confidence and pricing dynamics may complicate profit growth for companies.
Deep dives
Current Market Sentiment and Economic Concerns
Global markets are experiencing heightened anxiety due to recession fears and geopolitical uncertainties, particularly surrounding US trade policies. Despite these concerns, credit spreads remain unexpectedly tight, indicating a potential disconnect between market sentiment and economic fundamentals. The outlook for high yield bonds is somewhat optimistic, driven by strong demand and limited supply of corporate debt, which continues to attract investors. However, underlying issues such as weakening consumer confidence and mixed signals from corporate earnings suggest a complicated economic landscape ahead.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
