This podcast episode explores the impact of higher interest rates on the credit market, highlighting the perspective of Andrew Sheets, the Global Head of Corporate Credit Research at Morgan Stanley. It discusses how rates, economic conditions, and balance sheets can influence the performance of the overall credit market. The conversation also touches upon the differentiation in the credit market, the risks faced by passive investors due to market concentration, and the need for cautious evaluation of valuations. The section concludes by emphasizing the importance of active risk management, diversification, and considering individual financial circumstances when making investment decisions.
