Why Bond Investors Are Taking On More Risk – Barron’s

“I assert, currently, you are not getting paid for credit risk and this is certainly a major consideration when you look at your portfolios,” Mark Grant, chief global strategist, fixed income, at B. Riley Financial, similarly writes in his Out of the Box client note. This bond-market veteran puts the blame on the Federal Reserve and other central banks for creating a “borrower’s paradise” and “fixed-income investor’s hell” by holding interest rates down, in part to help finance massive fiscal deficits.