By Rebecca Young, CFA
Rebecca Young, Portfolio Manager on the Strategic Fixed Income team, shares her views on the topical issues in credit markets, explaining where she and the team see risks and opportunities.
Economies do not grow evenly; there are ups and downs as an economy moves through the different stages of expansion (growth) and contraction (recession). Business activity follows the same patterns. The latest global economic expansion began nearly 10 years ago, and we firmly believe it is "late stage," although it would appear that we are far from alone in this view.