Nov

Morgan Stanley Says 2018 Will Be the End of the Credit Rally

Forecasts 2018 losses on credit markets in all three regions
LNG Capital’s Gargour wary of rising inflation, default risk

Like any good guest at a party, investors would be wise to know when it’s time to leave.

And an aging business cycle, the loss of stimulative central bank policies and signs of stress in corporate balance sheets are all signaling it’s time to get out, according to Morgan Stanley strategists. They project negative excess returns for corporate bonds in the U.S., Europe and Asia next year…

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Morgan Stanley Says 2018 Will Be the End of the Credit Rally

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