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Bond covenants are critically important protection for investors. Generalist Portfolio Manager Jerry Cudzil and Co-Head of Global Credit Steve Purdy discuss the weakening of those covenants over the past several years and how that trend is having a real impact on investors and outcomes.
By TCWBond covenants are critically important protection for investors. Generalist Portfolio Manager Jerry Cudzil and Co-Head of Global Credit Steve Purdy discuss the weakening of those covenants over the past several years and how that trend is having a real impact on investors and outcomes.