Peter Tchir on the pitfalls of the world’s quest for the Holy Grail of yields
Welcome to Capital Account. More than $100 billion in US corporate bonds were issued in September, the third time since 1995 that monthly threshold has been crossed, data provider Dealogic reported. Is investor appetite now driven by the search for yields in this low-rate environment? As investors stretch further and further in search of the Holy Grail of yields, do they risk falling off a cliff? We talk to Peter Tchir, founder of TF Market Advisors, about where the hunt for yields is leading.