TCW Chops Credit Risk to Lowest in 30 Years as CCCs ‘Cry Uncle’ (Podcast)
TCW’s $160 billion fixed-income group has slashed credit risk to the lowest in three decades amid valuation and contagion concerns. “Look back over the last 30 years — you would...
By Aditya Somani · Bloomberg
TCW’s $160 billion fixed-income group has slashed credit risk to the lowest in three decades amid valuation and contagion concerns. “Look back over the last 30 years — you would not find a period where we had less exposure to both investment-grade and high-yield bonds as we do today,” Bryan Whalen, the group’s chief investment officer, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Jody Lurie in the latest episode of the Credit Edge podcast. They also discuss the potential for