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Investment grade credit has hit its highest average coupon in more than a decade
BlackRock Investment Institute’s research team has upgraded its outlook for European government bonds and investment grade credit amid the “worsening macro outlook”, in a move that has “nudged down risk” across its asset allocation.
BII said the commodities price shock and growth slowdown in China also led to a downgrade of Chinese assets and Asia fixed income. "We see little chance of a perfect economic scenario of low inflation...
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