Credit markets broadly look appealing to
“Buy all credit,” Richards said on Bloomberg Television on Thursday, citing signs that the US economy is still relatively strong, including gross domestic product growth of 3%, annualized,
Marathon Asset Management Chair and CEO Bruce Richards says the Federal Reserve is cutting rates amid a strong economic backdrop and that will help accelerate markets. Speaking on “Bloomberg The Close,” Richards also says there are “all kinds of opportunities in the marketplace” and discusses recent trends in the private credit market. Source: Bloomberg
On top of that, with the Fed cutting rates, yields are lower in money market funds, and giving investors an incentive to move money into higher-yielding assets including credit, Richards said.
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