金色财经|10月 21, 2026 06:44
[BlackRock: 'Once-in-a-Generation' High Yield Levels in Corporate Credit]
According to a report by Jinse Finance on October 21, BlackRock stated that current corporate bond yields offer a more resilient source of returns without relying on expectations of 'interest rate cuts' or 'spread tightening.' In its quarterly fixed income outlook released on Wednesday, BlackRock noted that it is now possible to construct a diversified fixed income portfolio with a yield exceeding 7%, a duration of less than three years, and an average credit rating of A-.
Due to the resurgence of inflationary pressures and interest rate hikes in Europe and the U.S., current yield levels have reached heights that have only briefly appeared over the past three years and are even comparable to those during the global financial crisis. Despite strong corporate financing demand, investment-grade bonds are presenting investors with a rare opportunity to lock in exceptionally high yields.
James Turner, BlackRock's Head of Fixed Income, stated: 'This is a once-in-a-generation high yield level. Compared to the 2010s or early 2020s, investors today can achieve the same returns in what are considered safer investment options, which previously required taking on higher risks to obtain.'
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