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Rick Ratkowski Quoted in Bloomberg on Shifting Pension Demand for Corporate Bonds

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Bloomberg recently featured Rick Ratkowski, Managing Director of Investment Strategies at NISA, in a piece examining a major shift in the corporate bond market. As company pension plans reach historic funding levels, the long-running de-risking trend that has driven demand for corporate bonds is beginning to slow.

Rick offered his perspective on what this shift means for credit markets: “You’ll still see some benefit on the demand for credit, but it will certainly be a smaller tailwind.”

To track corporate pension funding levels, NISA publishes the Pension Surplus Index (PSRX®) monthly. The April release includes the annual update to the constituents of the PSRX, which is based on data from the 100 largest corporate defined benefit plans, as determined by NISA.

Read more of the article with a Bloomberg subscription here.

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