A China-led trade slowdown is putting the brakes on growth, but the OECD thinks easy monetary policy and infrastructure spending could get things back on track.
Higher rates could bring much-needed yield to safer investments but could also crunch longer-term bond holdings and some areas of the stock market, says Morningstar’s Christine Benz.
With falling interest rates behind us, we expect the high-yield market will outperform the investment-grade market, even if we see some energy-sector defaults.