Episode Details
| Title | Are credit investors nervous about recession risk? |
|---|---|
| Date | 3/18/2025 |
| Podcast | Goldman Sachs Exchanges ↗ |
Key Insights
Bullish:
- 🟢 $MBS - Strong conviction in owning agency mortgages relative to investment grade due to their lower sensitivity to growth fluctuations and attractive valuation.
- “We do have strong conviction in owning agency mortgages relative to investment grade. And so that's a perfect example of a low beta asset class that is a lot less sensitive to these fluctuations or these phases of deceleration in growth.” - Lotfi (9:32)
- 🟢 $TREASURIES - 🔒
Bearish:
- 🔻 $CORPBONDS - 🔒
- 🔻 $HY - 🔒
- 🔻 $EUROCREDIT - 🔒