Sector Weighting Views

Dan Bruzzo
Sector Weighting Views — December 2018 | Outlook 2019
It’s been a tough run for Investment Grade Corporate Bonds in 2018. With only two weeks remaining, spreads stand >40 bps wider on the year, generating the worst Excess Return since 2011 and the worst Total Return since 2008. Most of the carnage was delivered in the final quarter of the year, as investors reacted dramatically to several developing credit scenarios and opinions soured on the outlook for corporate credit. We provide our outlook for 2019, with emphasis on market supply and key sector updates that can provide a better glide path for the coming year…

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