JQC - Net corporate debt to rise $500B as corporations poised to spend: Janus Henderson

After unprecedented activity in corporate debt borrowing last year, corporations could be on the verge of a capital spending boom for the rest of the year and beyond, Janus Henderson figures in its annual Corporate Debt Index.Companies, which hardly issued any new debt 2021 to debt, spent the time strengthening their balance sheets instead, the report said. As a result, Janus expects net corporate debt to rise $500B-600B to $8.8T-$8.9T this year, even though total debt stays unchanged.Janus Henderson favors high yield bonds as credit quality improves and central banks will likely keep interest rates low and continue quantitative easing, according to the report."Companies around the world have weathered the last 16 months with impressive skill. An investment boom is highly likely after the Covid-19 freeze," Janus Henderson fixed income portfolio managers Tom Ross and Seth Myer said.Some of last year's "fallen angels" may become this year's rising angels, as the portfolio managers favor food

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Net corporate debt to rise $500B as corporations poised to spend: Janus Henderson