'Shocking slump' into outright deflation
Investment grade remains attractive
$20bn to $30bn 'bespoke tranches' issued in 2017
From May to the end of June, many investors appeared to have fallen under a spell, writes Andrew Harmstone, portfolio manager for the global multi-asset team at Morgan Stanley Investment Management.
Company's ambition exceeds its cashflow
IG bonds saw €2.9bn inflows