No Bonds, No Problem as Pimco Increases Bets Using Swaps
This article is for subscribers only.
If corporate bonds don’t trade frequently enough for you, one solution is to turn elsewhere.
More and more investors are betting on whether the notes will go up or down in value without owning the securities, using derivatives. This has been attractive for asset managers looking to be nimble in markets or make big bets, especially as corporate-debt trading volumes wane.