Loomis Sayles' Fuss on Negative Yields, Corporate Credit

The video discusses the current state of yields, highlighting concerns about negative yields and their impact on banks, especially smaller ones. It explores the potential for hedging in the treasury market and the attractiveness of US pay instruments. The discussion shifts to corporate bonds, noting the high supply and cheap borrowing costs. Historical market cycles are analyzed to provide insights into current and future market conditions, emphasizing the importance of understanding issuer debt and potential defaults.

How does the speaker suggest corporations should approach borrowing in the current environment?

What historical market cycles does the speaker reference, and what insights can be drawn from them?

What potential challenges do corporate issuers face in the current credit environment?