Apr 21st, 2023
PGIM's Collins Sees 100Bps Wider High-Yield Spreads
Michael Collins, senior portfolio manager at PGIM Fixed Income, says the spreads in high-yield credit are likely to widen as corporate defaults rise. "We think as a shop that credit spreads will probably probably should push 100 basis points wider from here before you get excited and start buying them," he says on "Bloomberg The Open."
