Credit Markets Rich But Not In A Bubble

The credit markets are sitting at rich valuations but are not in a bubble yet, Oaktree Capital’s Howard Marks told Bloomberg.

“You have to think of the world as rich, fair and cheap. We are in rich territory but I don’t think we are in bubble territory,” Marks, co-chairman and co-founder at Oaktree Capital, said on Bloomberg Daybreak: Americas.

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