‘Credit Herd Will Be Separated’ With Stress: Oaktree’s Rosenberg

September closed with $207.5 billion of US high-grade issuance, ranking fifth all-time for monthly volume. Meanwhile, $57 billion of new junk bond sales were syndicated, marking the third-highest monthly total on record. Zachary Griffiths, head of US investment grade & macro strategy at CreditSights, and David Rosenberg, head of liquid performing credit at Oaktree Capital Management, join Scarlet Fu on “Bloomberg Real Yield”.