DAVID MILLER

摘要

AS THE PERIOD OF NEAR-ZERO INTEREST rates and central bank liquidity draws to an end, the credit market has started the long journey towards standing on its own two feet once again. This has led to a guessing game among the pundits: when will the three-decade bull run in bonds turn? Have the years of record low volatility come to an end? Has the booming leveraged finance market reached its peak?