(Bloomberg) -- U.S. life insurers are poised to outperform in the debt market next year as they invest premiums at higher interest rates, according to CreditSights Inc. A gauge of U.S. company credit risk rose for the second day.
Higher rates help insurance companies to better match long-term liabilities, CreditSights said today in a report, upgrading the sector to “outperform.” The extra yield investors demand to hold insurancecompany debt exceeds the spread on all financials, a gap that will narrow in 2014.
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