BlackRock and others dump riskier credit as tight spreads raise alarm

Big investors are backing off riskier credit after a record run that left debt markets looking stretched. BlackRock, M&G, and Fidelity International are all cutting exposure to lower-rated corporate bonds, moving into safer assets as US credit spreads shrink to near crisis-era lows, according to the Financial Times. This retreat comes amid growing fear that […] source: https://www.cryptopolitan.com/blackrock-and-others-dump-riskier-credit/