No 2020 recession, cyclical bonds will outperform and CLOs won't crash, says BNP Paribas

By Dan Alderson

There will not be a recession in 2020 and investors should stay long credit with the expectation that high yield cyclical and non-financial borrowers will outperform in a bullish market, BNP Paribas strategists have confidently predicted

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TAGS: Asia CDS High yield bonds Investment grade credit BNP Paribas Credit derivatives North America