Rick Rieder: Credit Only Game in Town for Issuance

The video discusses the current state of the default cycle, highlighting the increase in leverage and its implications on debt service due to low interest rates. It examines the role of central banks in maintaining low rates, especially in Japan and Europe, to manage growing government and corporate leverage. The video also explores investment opportunities in securitized markets, focusing on short-term instruments and emerging markets. Finally, it analyzes trends in high yield markets, emphasizing the preference for higher quality investments over riskier Triple C-rated companies.

In what ways do emerging markets present investment opportunities according to the text?

What is the significance of the yield curve in the context of the investment strategies mentioned?