T. Rowe Price: Still far too early to boost credit risk exposure

Conditions don't support rally

clock • 3 min read
Ken Orchard of T. Rowe Price
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Ken Orchard of T. Rowe Price

If we rewind to the beginning of the year, credit spreads were incredibly tight by historical standards, while growth was shaky and central banks were about to start tightening monetary policy to tackle inflation.

Noting these factors, we saw a real prospect of spread widening - which led us to cut our exposure to credit risk in our international and global multi‑sector bond portfolios Spreads have since widened...

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