Don’t count high yield out just yet
Reward in the offing for investors who stick to their guns, keep an eye on liquidity, remain vigilant on credit quality.
Fears about higher U.S. interest rates, rising defaults and a multi-month decline in the price of oil have injected a dose of high anxiety into the high-yield market. But investors will be better off this year if they stand their ground and stay invested.
We understand the concern. 2015 is likely to
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