Goldman's Lynam Sees Triple-B Firms as 'Sweet-Spot'

The video discusses the challenging year for bond investors, highlighting that losses have been driven by rates rather than spreads. It explores investment strategies within investment grade bonds, emphasizing the risks of moving too far up the quality spectrum. The discussion shifts to the credit market, noting that default risk is not heavily priced in due to strong balance sheets and recent market cleanups. The video concludes with an analysis of the Fed's potential impact on credit markets, noting that corporates have the flexibility to wait out market volatility due to prior cash-raising efforts.

What is the expected terminal value of the Fed funds rate as discussed in the text?

How have corporates positioned themselves in terms of accessing the debt markets?