TUZ - U.S. Investment Grade Credit: A Buy Or A Bubble?
By Paul English, CFA®, Head of US Investment Grade Research, and Matt Brill, CFA®, Senior Portfolio Manager, Invesco Fixed Income, on Jan 31, 2019, in Fixed Income
The strong economy and market pressure may drive companies to pay down debt.
Recent market stress surrounding trade policy, the US government shutdown, Brexit and recession fears has increased focus on the US investment grade credit market and its sharp rise in leverage in the post-crisis period. Invesco Fixed Income believes these concerns are best analyzed through the lens of the BBB-rated portion of the US investment