PGIM's Collins: Time to 'Nibble' in Credit as Investors Pull Cash

The video discusses emerging pockets of value in the bond market, highlighting high-quality investment-grade corporate bonds and taxable municipal bonds with higher yields and spreads. It also covers high yield bonds and closed-end funds trading at a discount. The team plans a deep dive into new market deals, noting opportunities with risk already priced in, suggesting it's time to start investing in credit.

What types of bonds are mentioned as having emerging value?

• Convertible bonds and callable bonds

• Junk bonds and zero-coupon bonds

• Investment-grade corporate bonds and taxable municipal bonds

• Government bonds and savings bonds

What has been observed in the high yield market?

• High yield closed-end funds have been unaffected

• High yield closed-end funds have remained stable

• High yield closed-end funds have been significantly affected

• High yield closed-end funds have been thriving

What is the significance of trading at a discount in the structured product arena?

• It shows a stable market condition

• It indicates a lack of interest from investors

• It means the products are overpriced

• It suggests potential value opportunities

What is the team's plan regarding new market deals?

• To ignore them due to high risk

• To invest immediately without further analysis

• To conduct a deep dive to explore opportunities

• To wait for more stable conditions

What characterizes the new market deals discussed?

• They are not yet available in the market

• They have minimal risk priced in

• They are expected to decrease in value

• They have already priced in a lot of risk