Attractive yields defy default outlook
Spreads on high-yield bonds widened to attractive levels even as the expected corporate default rate has remained subdued.
Tag: high yield corporate bonds
Investor uncertainty dominated bond markets in late 2011
Uncertainty remained high in the fourth quarter of 2011 as the large macroeconomic challenges that dominated headlines throughout the year continued to weigh on investor confidence. Treasury rates in the United States declined slightly amid solid demand, while discussions over reducing the size of the federal deficit continued to take center stage heading into the