Fitch Rates Southern Company's Senior Notes 'A'; Outlook Stable
UPDATE: German bond yields notch fresh record low
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During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.
Corporate credit spreads are at very tight levels but have little room to further narrow the gap.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.