Powell outlook brings risk buyers out in droves, but reality check looks soon to follow

By Dan Alderson

Comments by US Federal Reserve chairman Jerome Powell on Wednesday on the pace of future rate hikes have prompted a sharp rally across global financial markets, including credit. But dissenting voices have already begun to point out the enthusiasm is likely overdone

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TAGS: Asia CDS Credit Suisse Emerging markets Europe High yield bonds Investment grade credit Research BNP Paribas Secondary market North America Synthetic/SRT