Central banks remain dovish and growth optimism is building. Where are the opportunities in credit markets?
Each month we feature quotes from our investment team, offering a glimpse into what we are monitoring and analyzing.
"The brighter growth outlook has helped growth-oriented areas of fixed income markets like bank loans perform well, while longer duration portions of the market have lagged. High yield and bank loans represent great opportunities on a go forward basis from here."
— Ashish Shah, Co-chief investment officer of Global Fixed Income | March 17, 2021
"Bank loans are floating rate so benefit from higher rates. At the same time, they provide an attractive yield, are higher up in the capital structure than corporate bonds and are secured. For all of these reasons, we think it is a good time to invest in bank loans."
— Lori Pomerantz, High Yield and Bank Loans Portfolio Manager, Global Fixed Income | March 11, 2021
Source: GSAM. For illustrative purpose only. Note: Comments may be paraphrased.