Bullish credit analysts back cyclicals
Cyclical credits offer good value for those bond investors confident about the state of the economy.
Credit market specialists confident the economic recovery remains on course believe cyclical sectors currently pricing in a double-dip recession offer good value.
“We are constructive on cyclicals, based on the macro view that there will be a slow but steady healing of the economy,” says Vasant Mehta, a London-based credit analyst at fixed income asset management firm Payden & Rygel.
More specifically, analysts such as Mehta are enthusiastic about cyclical credits with exposure to regions where
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