Value is back in IG credit

With bond yields returning to some of their highest levels since the global financial crisis and some investors reporting marked improvements in the investment grade credit market, BNY Mellon believes fixed income holds scope to offer investors some compelling opportunities in the months ahead. "Value is back in investment grade credit and we see strong return potential in both the global and regional IG credit markets. Overall investment grade credit leverage levels also remain below their peak during the Covid-19 pandemic,” says the firm.