Americas buyers head down the credit curve in hunt for yield


By Shankar Ramakrishnan NEW YORK, July 27 (IFR) - The global rush for yield is pushing the credit markets in the Americas on to a familiar path, with investors keen to take more risk by moving down the credit curve. But unlike heady pre-crisis days, there seems to be some method to the madness. Investors, wrestling with the ultra-low returns available in US investment grade corporate bonds, have even turned in force to the once much-maligned asset class of ...

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