In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
Learn more about J.P. Morgan’s views on fixed income, the economy and markets.
Themes and implications from the Global Fixed Income, Currency & Commodities Investment Quarterly
What investors should consider
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
David Kelly, the Fed, interest rates