Voya’s Matt Toms: Ukraine Uncertainty Adds To Credit Risks
Bloomberg reports on the market impact of Russia’s military invasion of Ukraine on Thursday, which resulted in increased volatility in global bond markets. Voya Investment Management Chief Investment Officer Matt Toms believes that “the escalated uncertainty in Ukraine, and the spike in commodity prices, moderates the outlook for global growth and therefore increases the risk for corporate credit.” The heightened risk means new bond sales will likely shut down for the remainder of the week, according to people familiar with the matter.