Is It Time To Move Out of the Credit Markets?

The video discusses the current state of credit markets, highlighting the low yields of safe assets and the potential of corporate bonds to offer equity-like returns with lower volatility. It explores the concept of 'fallen angels' and the risks associated with them, while emphasizing the potential for credit to outperform in the absence of a recession. The impact of negative interest rates on volatility and the shift in investor flows towards corporate bonds are also examined.

What is the significance of the default rate in the context of corporate bonds?

How might the uncertainty in global markets affect investor behavior towards corporate bonds?