Money Managers Now Have a Record Proportion of Their Portfolio Dedicated to Corporate Bonds
Fully loaded on debt.
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A financial market record was quietly reached this week.
Allocations to corporate bonds by big buy-side investors moved to 35.5 percent, up from 35.3 percent last week, according to the latest Stone McCarthy survey of senior money managers. It is an all-time high for a data series that began back in 1999, when the figure was as low as 19.1 percent.