Bonds and loans issued by riskier U.S. companies with speculative, or “junk,” credit ratings likely offer investors better downside protection than stocks as investors gauge recession risks, according to asset manager Nuveen.
With investors focused on the Federal Reserve’s potential to slam the brakes on the U.S. economy as it moves to dramatically raises rates to help cool stubbornly high inflation, corporate bonds and loans offering far meatier yields than in recent years likely provide investors better downside protection,…
