BlackRock, Lombard Say Faster Inflation Calls Are Premature
Bloomberg 4 days ago Ruth Carson and Livia Yap
(Bloomberg) Market expectations for a sustained rise in inflation and withdrawal of policy support are misplaced, creating buying opportunities in corporate bonds, according to BlackRock Inc. and Lombard Odier.
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In an environment where growth is picking up but price gains likely to be transient, Lombard favors longer-dated corporate debt in China and India, said Dhiraj Bajaj, head of Asia credit. BlackRock likes high-yield corporate paper and Chinese securities, according to Neeraj Seth, head of Asian credit in Singapore.
The growing debate over the global inflation outlook is dividing investors into two camps, with Bill Gross and Bridgewater Associates primed for price pressures to shoot higher, while others argue that the recent market selloff on those fears will correct. Investors will be scrutinizing the Federal Reserve’s project