Investors can expect equity-like returns from the corporate bond market for much less risk than stocks for the foreseeable future as interest rates in the U.S. stay elevated, said veteran investor Howard Marks, co-founder and co-chair of Oaktree Capital Management.
The macroeconomic environment is shifting where it was from 2009 to 2021, when interest rates were either ultralow or declining, into an era when interest rates are normal, Marks said in a Wednesday webcast with David Rosenberg, former chief North American economist…
Read the full article here
