Not forex, but this from Pacific Investment Management Company might be if interest
- At current prices, short-dated investment grade corporate bonds offer an attractive risk/reward profile, in our view. They have historically tended to offer more stable returns and lower volatility than full-maturity corporate bonds. They tend to be less sensitive to interest rates, a potentially attractive feature in a moderately rising rate environment. And they tend to be more resilient in unexpected economic downturns given lower default risk and better earnings potential in the short term versus a longer horizon.
- Considering such strong fundamentals and supportive technicals, we see a compelling argument for front-end IG corporates.
There is plenty of detail at the note if you'd like to check it out