961 days ago • Posted by Djellza Kolloni
JPMorgan bets its own money on European Junk Bonds for the first time
As it bets on continued loose money and temporary inflation, JPMorgan Chase & Co. has committed more of its balance sheet to European junk bonds and loans than ever before. So far in 2021, the bank has sponsored 43 agreements, the largest on record, and its bridge loan book is at its highest level since the global financial crisis. As investors pour record amounts of money into the market, junk bonds in the U.S. and Europe are topping gains in fixed-income markets tracked by Bloomberg this year, up 4.7% and 4.5%, respectively. @Bloomberg
