Credit Markets Ripe for Correction, $40 Billion Bond Chief Says
- Fixed-income head at Norway’s biggest bank girds for repricing
- DNB says credit still looks better than government bonds
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Corporate bonds are starting to look uncomfortably expensive, according to the head of fixed income at Norway’s biggest bank.
“The pricing is such that there’s an increasing probability for a correction,” Svein Aage Aanes, who oversees a $40 billion bond portfolio at DNB Asset Management, a unit of DNB ASA, said in an interview.