US financials a better bet than corporates, say investors
US corporate restructuring and balance sheet improvements have drawn investor focus to corporate credit. But technical factors make financials look attractive.
The current pick-up available on US financials make them a better buy than corporates, according to some credit investors who argue the wider spreads do not correlate with a higher risk profile.
Bond investors have increased their exposure to US credit in recent weeks, following a period of heavy restructuring and improvement of company balance sheets, in the hope that the private sector will
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