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Accept Decline
by  BlueBay Fixed Income team, A.Skiba, CFA Jan 10, 2024

Watch time: 4 minutes 03 seconds

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Summary Points:

  • With Fed rate cuts on the horizon, we believe 2024 is likely to deliver strong total returns for IG corporate credit investors.

  • Helped by significant carry support, we see double-digit returns as a distinct possibility.

  • Corporates are in a strong shape to weather any economic slowdown and we expect US issuers to show particular resilience given underlying earnings trends.

  • While generic spreads do not leave a lot of room to run, we see multiple pockets of value across our investment universe, highlighting the importance of active credit selection ahead.

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