‘Best Buying Opportunity Of The Century’ For Corporate Bonds.
Gregoire Mivelaz, quoted in an article published by Cherry Reynard on Forbes, 14/04/2020.
At the start of 2020, corporate bonds were friendless. The income looked meagre and their capital growth potential limited. High issuance had left a glut of supply, while investors had seen their protections eroded by a new ‘covenant-lite’ approach. How times have changed.