00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Global credit markets are trading at their tightest levels in nearly two decades,
00:07prompting warnings from major asset managers about rising complacency, according to Bloomberg.
00:12A Bloomberg index shows corporate bond yield premiums narrowed to 103 basis points,
00:17the lowest since June 2007, as investors chase returns amid expectations for interest rate cuts.
00:24Firms including Aberdeen Investments and Pacific Investment Management Company
00:27urged caution as geopolitical risks, U.S. policy uncertainty, and hidden corporate debt remain unpriced.
00:35Strong demand has fueled record bond issuance, including a $16 billion sale by Goldman Sachs Group,
00:41while spreads continue to tighten even as supply surges.
00:45Managers say Kerry remains attractive, but warn that future shocks could test crowded credit trades.
00:49For all things money, visit Benzinga.com.
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