CPD: Don’t worry, BBB happy – giving corporate leverage the sniff test

Given bond ratings’ remarkable importance in securities markets today, the economics team at Payden & Rygel, manager of GSFM’s Payden Global Income Opportunities Fund, sat down to look at important changes in one segment of the US investment grade corporate bond market: BBBs. They didn’t know it at the time, but when bond issuers and … Continue reading CPD: Don’t worry, BBB happy – giving corporate leverage the sniff test