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For example, among issuers whose secured debt has a BBB rating and unsecured a BB rating, they will buy the former when high-yield bond yield spreads tighten and the latter when they widen.
This strategy is benchmarked against the Bloomberg US Aggregate Bond Index, though it has the flexibility to invest outside it, for example in nonagency mortgages. Duration is typically kept withi ...
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...