The document analyzes the BMK spreads versus maturity for non-financial single-A and BBB rated bonds by sector, excluding bottom-rated bonds. It discusses the potential for these bonds to outperform if global commodity markets stabilize, despite current volatility. The analysis includes criteria for identifying bonds with the best value and highlights risks associated with commodity price fluctuations and concentration in a few names.
documents/vol00010-efta01458278-pdf.pdf
{"title":"Corporate Credit: Back to school - The edge of normality","document_date":"September 2015","document_type":"tabular","key_locations":["London"],"document_subtype":"financial analysis","key_organizations":["Deutsche Bank","Mark-it Global"],"reference_numbers":["DB-SDNY-0118117","SDNY_GM_00264301","EFTA01458278"]}