Company Debt to Rally in What’s Been Dubbed the Year of the Bond

The central theme of almost every bank’s outlook on corporate debt is that 2023 will be the year of bonds, particularly high-grade ones. Assuming there are no missteps by central banks.

Bond market titans such as fund manager Vanguard Group Inc. and private equity giant KKR & Co say they are ready to find opportunities in the bond market as inflation shows signs of peaking in the US and Europe. A predicted economic slump is now expected to be shallower and shorter than previously feared, and yields are relatively high, even after a rally in bonds sent yields tumbling in ...