Pimco compares the corporate bond risk to the mid-2000s

Credit market risk is at an all-time high, according to Scott Mather, chief investment officer of U.S. core strategies at Pacific Investment Management Co. The investment firm is defensive on the asset class as it sees high likelihood of a recession over the next three-to-five years.

Credit Market ‘Probably the Riskiest Ever,’ Pimco’s Mather Says