Reported 6 months ago
Marty Fridson, a credit guru known for his junk bond analysis, stated that despite the overall market being 'extremely overvalued', there are still investment opportunities available. He highlighted value in bonds of companies in various sectors, but warned about expensive bonds from container and aerospace borrowers. Fridson also discussed the impact of rapid private credit growth on the high-yield bond market and used various indicators to determine fair value, concluding that junk bonds are significantly overvalued according to his model.
Source: YAHOO