CITI: The bond market is littered with landmines
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Investors are going to have to tread carefully in the bond market.
Citigroup strategists led by Stephen Antczak have a 25-page note out on the outlook for credit in 2016, and one of the key themes for the year ahead is deteriorating fundamentals at investment-grade companies.
"Compared to a year ago the balance of risks has shifted to the downside, whether we’re looking at landmine potential, the supply backdrop, or the evolution of corporate fundamentals," the note said. Читать дальше...