The Winning Credit Trades That Made Debt Investors Rich in 2020

Markets plunged at the onset of the pandemic, sending entire sectors teetering toward oblivion. Once solid companies were suddenly paying double-digit yields in a mad scramble for liquidity, while venerable household names could be scooped up for pennies on the dollar. Then, just as quickly, the Federal Reserve‚Äôs unprecedented efforts to support corporate-debt markets set […]