Banking Chaos Creates ‘Once-in-a-Decade’ Bond Buying Opportunity
- ‘Buy into the fear’ says Voya, which expects tighter spreads
- AT1s are shunned by iCapital, liked by Robeco for high yields
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Global credit investors are jumping back into bank bonds following a sector-wide rout — though concerns about additional tier 1 debt remain.
Money managers from T. Rowe Price Group Inc. to Voya Investment Management see a chance to scoop up bond bargains, betting that the worst is over for financial institutions as the Federal Reserve works to stem contagion.