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"There Is No Corner To Hide": $100 Billion Fund Manager Warns Credit Rout Is Just Starting

• https://www.zerohedge.com, by Tyler Durden

More investment grade credits to follow. The slide and collapse in investment grade debt has begun"...

... it was the turn of another fund manager to join the growing chorus of warnings about the coming credit rout.Jason Shoup, head of global credit strategy at Legal & General Investment Management America which manages $186 billion including $100 billion in fixed income, told Bloomberg that rising rates, fading stimulus, weaker earnings and a coming tide of rating downgrades means that the worst year for investment grade in a decade is just the start of the bond slump and align to ensure that 2019 will be a tough year for US corporate credit.

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