"With spreads so close to their historical lows , there is Vanishing little money to be made in exchange for risk that investors are taking on. "In equities,everyone is obsessed with the upside. But in fixed income it's a matter of when, not if," says Oksana Aronov of JPMorgan Asset Management. "You don't want to pick up the nickels in front of that steamroller.""
The Economist October 4th 2025 page 62
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