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State Street, Voya Seek Shelter From Default Risk

As rising energy prices and growing inflation fears make corporate bonds look increasingly risky, big money managers including State Street and Voya Investment Management have been looking at buying mortgage bonds and other securitized debt instead.

Mar 21, 2026 &03002121202631; 19:00 UTC feeds.bloomberg.com Trending 3/5

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Negative for markets

Sentiment score: -50/100

Moderate impact Short-term (days)

WHAT THIS MEANS

State Street and Voya Investment Management are shifting from corporate bonds to mortgage bonds and securitized debt due to rising energy prices and inflation fears, which increase default risks in the corporate bond market. This move highlights broader market caution amid inflationary pressures, potentially signaling reduced demand for riskier assets. However, it may not immediately alter overall market trends if these risks are already priced in.

AI CONFIDENCE

70% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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STT

STTStock

Expected to decline

State Street's shift from corporate bonds indicates vulnerability to inflation-driven risks, which could pressure its stock price in the near term.

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VOYA

VOYAStock

Expected to decline

Voya Investment Management's strategy to avoid default risks suggests potential earnings impact from market volatility, making its stock more susceptible to declines.

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10-Year Treasury Yield

^TNXBond

Expected to rise

As investors seek safer alternatives like Treasuries amid corporate bond risks, demand for U.S. 10-year notes could rise, potentially lowering yields.

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider reducing exposure to corporate bonds and high-risk financial stocks like STT and VOYA due to inflation concerns; instead, allocate towards safer assets like Treasuries for short-term protection against volatility.

KEY SIGNALS

Rising inflation fearsIncreased default risk in corporate bondsShift to securitized debt

SECTORS INVOLVED

FinancialBonds

Analysis generated on Mar 22, 2026 at 20:37 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Bloomberg Markets. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

State Street, Voya Seek Shelter From Default Risk

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