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July 2019 | Corporate Credit Views
The Interaction of Growth and Policy
Each month the Fixed Income team releases its take on developments in credit markets and key views within investment grade, high yield and leveraged loans.
We remain overweight US corporate credit as we expect policy support to elongate the US expansion, and we see value in pairing spread sector exposures with duration. This barbell approach to credit-rate positioning has supported performance during risk-off episodes this year.