Corporate Bonds Lose Appeal as Shock Absorber, Carlyle Says

Bonds Corporate Bonds Lose Appeal as Shock Absorber, Carlyle Says As corporate bonds become less reliable at protecting against market shocks, investors are looking to asset-backed finance as an alternative source of stability, according to Carlyle Group. Persistent inflation has weakened the downside protection Wall Street has long expected from corporate credit, since it tends to lead to rising interest rates that hit stocks and bonds at the same time, Akhil Bansal, head of asset-backed finance at Carlyle, writes in a blog post.