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PGIM Fixed Income

2023 Top 500 ranking: 29

Seeking Spread Along Steep High Yield Curves

The Fed’s Challenge of Squaring the Dots

While many sectors have partially recovered since the worst of the December 2018 market volatility, a shift in the U.S. leveraged finance market continues to present attractive opportunities. By selling short-dated issues that have experienced solid spread compression and slightly extending along particularly steep spread curves, investors can pick up ...

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