Marc Lasry: Investment-Grade Corporate Bonds To Plunge 40%

U.S. investment-grade corporate bonds are likely to plunge as economic growth slows, with some dropping as much as 40 percent, distressed-debt investor Marc Lasry said Wednesday. The Federal Reserve is likely to lift short-term rates about another percentage point, slowing economic growth in the process. Eventually, a massive sell-off will follow in the $5 trillion […]

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