How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
There are normally few thrills to be had from investment-grade bonds, which is just the way it should be. After all, this is lending to the very safest companies. Just now, however, bondholders are throwing a veritable rave.
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This article appeared in the Finance & economics section of the print edition under the headline “Don’t believe the hype”
From the January 11th 2025 edition
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