Corporate Bulletin – December 2014
As we head towards year-end the recent sharp decline in the price of oil, a surge in corporate issuance, and a decline in overall market liquidity have all contributed to wider spreads for investment grade corporate bonds and high yield. For your interest, we have written our Samson Corporate Strategy Bulletin which discusses the current opportunity in investment grade corporate bonds for tax exempt, lower tax payers or taxable investors with shorter time horizons. The bulletin discusses the factors that have contributed to the spread widening in investment grade corporates, and why these factors are likely to be short lived. Please click on the link below to download the commentary.