Goldman’s Lynam Sees ‘Uncomfortable Tension’ in Credit Market

Robust demand from pensions and insurance companies will support corporate bonds through macroeconomic headwinds and record issuance, according to Goldman Sachs Group Inc.

“Spreads are tight to the pre-war levels when the facts on the ground have unquestionably become more challenging,” said Amanda Lynam, the firm’s chief credit strategist. “That is this uncomfortable tension that we have in the credit market,” Lynam said on the Bloomberg Intelligence Credit Edge podcast.

Goldman’s Amanda Lynam speaks on the Credit Edge podcast.

American companies are threatened by high inflation, elevated debt funding costs, pressure on consumers and US growth, on top of fuel and other input cost hikes from the ...