Here's your summary from Don't See Defaults Increasing: Amundi's Ken Monaghan (https://www.youtube.com/watch?v=W2668Zj3iyo) on the Bloomberg Television channel:

### TLDR:

- Ken Monaghan from Amundi does not foresee a major increase in defaults in the next 9 to 12 months despite credit risks in the marketplace.

### Key Points:

1. Spreads are currently tight, making it difficult to buy the entire market, so selective investing is recommended.

2. Investing in credit risk may not offer significant returns compared to Treasuries, especially in the current economic environment.

3. Higher growth could lead to challenges in refinancing at higher rates, potentially impacting credit markets.

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