Is it time to embrace spread products again?

Is it high time to move back into fixed income risk assets? Judging by the ease with which record is...

Is it high time to move back into fixed income risk assets? Judging by the ease with which record issuance volumes of corporate bond are digested, particularly private investors seem to think so. Ironically, a few months back these investors were selling in panic everything that even remotely carried risk. Are people lured into classic value traps? Clearly, the post-Lehman fixed income world offers value in numerous areas unseen for decades, but not a blind outright buy. Firstly, not all that looks cheap on the surface still holds up after closer scrutiny. For instance, top-rated corpor...