Standard step-ups now 'worthless' for SLBs

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Corporate Bonds

Standard step-ups now 'worthless' for SLBs

Mike Turner, 
Jon Hay
February 09, 2023 08:00 PM
modern businessman working close-up legs walking up the stairs in modern city. in rush hour to work in office a hurry. During the first morning of work. stairway. soft focus.

Investors say a 25bp step-up for a missed target is irrelevant now that rates are higher

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Corporate BondsHigh grade and crossover bondsGreen and Social Bonds
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Mike Turner
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Jon Hay
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