Goldman and Pimco Warm to Battered Corporate Bonds. Well, Some
- Notes less exposed to rate, default risk touted by Goldman
- Later phase of expansion is time to move up in quality: Pimco
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Investors who sold corporate bonds indiscriminately this year are being urged to look again: They may not all be bad.
Goldman Sachs Group Inc. and Pacific Investment Management Co. see safe places, even in corporate bonds, to ride out credit and rate risk that loom large over an aging growth cycle. They both favor lending to higher-quality companies, with Goldman preferring short-dated bonds.