23 Sep Market Insight – ‘Impact of the Credit Cycle on Security Selection’
Posted at 14:12h
in perspectives
Voya Perspectives – Market Series
Recognising the nature of environments that favour a portion of the corporate credit curve can have a beneficial impact on security selection. This Insight focuses on how the credit default cycle affects credit curves, how credit curve changes and economic momentum impact the relative performance of longer and shorter maturity corporate securities and how maturity-bucket positioning influences security selection. The discussion dispels several myths about the relationships between credit spreads and credit curves, and the varying impact of market swings on maturity buckets.