Apollo’s Zito Says ‘We’re Pinching Ourselves’ Over Juicy Yields

Apollo Global Management Inc.’s John Zito said now is one of the best times to invest in credit in at least the past two decades.

“We’re pinching ourselves a little bit where yields are today globally,” Zito, Apollo’s deputy chief investment officer for credit, said in an interview Wednesday at the Bloomberg Invest conference in New York. “We’ve been building our credit business for the last 20 years, and effectively a majority of that time we built it with rates at zero.”

WATCH: John Zito, deputy chief investment officer at Apollo Global Management, says the rise in yields has created an “amazing environment” for credit market investors.

Source: Bloomberg

Credit is Apollo’s biggest business unit, with $376 billion of assets under management at midyear. Zito ...