Lombard Odier explore how these bonds can be used to add convexity, and enhance ratings and risk-adjusted returns
Financial markets got off to a rocky start to the year, but investors may find reasons to be more optimistic looking ahead to the rest of 2022.
Downgrades set to break records
Default rates recovery also hampered by restrictions
A close eye on deteriorating corporate fundamentals
Fixed income investors should be paying close attention to 'Fallen Angels' - these are bonds that are downgraded from BBB- and, as a result, come tumbling out of the investment grade credit market.