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(Bloomberg) -- If history is any guide, investment-grade US corporate bonds can stay at current nosebleed valuations for months more. Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBlackstone Nears Buyout of Skin-Care Company L’OccitaneWhy India’s South Rejects Modi — And Why It MattersGermany to Order Ships, Armored Vehicles Worth Up to €7 BillionThat’s the conclusion of Barclays, which said that the present macro environment, an

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

(Bloomberg) -- The corporate bond market seems surprisingly blase about the risk of an economic downturn now. Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionWall Street Soothsayers Are Bewildered About What’s NextKremlin Says Turkey’s Return of Azov Defenders Violates AccordChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingUS job growth is slowing and consumer spending is looking incr

AT1 from banks including Commerzbank, HSBC Holdings and UniCredit were among leading gainers following a recovery in Asia.

May 24, 2021 Tight credit spreads might be keeping many fixed income investors from heading into corporate bonds, but funds like the “U.S. President Joe Biden’s pension bailout might do more than just support troubled retirement plans,” a Bloomberg article said. “It could also spur tens of billions of dollars in demand for corporate bonds with the lowest investment-grade ratings, according to Citigroup Inc.” “Struggling multi-employer pensions, which are often tied to unions, will be able to apply for special financial assistance, thanks to the $1.9 trillion pandemic-relief bil...