Corporate Bond Investors Are Waiting for Bargains in 2019
- Question marks remain in market, but prices have fallen
- Next year may offer more bargains in areas like BBB debt
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Company debt got whacked in 2018. Some money managers and strategists are gearing up to go bargain hunting next year.
The huge question marks that have hung over corporate profits for much of the year are still around: The U.S. and China are brawling over tariffs. The Federal Reserve expects to keep tightening rates, announcing plans on Wednesday to hike twice next year. The European Central Bank is stopping its bond purchase program. A no-deal Brexit looms over the U.K., while Italy is planning to slash government spending as it struggles to rein in its deficit.