"The complacency is staggering," says an asset manager of the corporate bond market...

|By:, SA News Editor

"The complacency is staggering," says an asset manager of the corporate bond market (specifically Europe). When France is able to sell debt at negative rates, just about any corporate issue with a plus sign in front of the yield is going to look good to fund managers. "We are facing quite binary outcomes; investors should be concerned."