Swiss Economicblogs.org
Fixed-income investors face a difficult dilemma these days. By definition, they seek yield to meet their investment goals, but many financial market observers are predicting trouble in one popular source of such yield – the high-yield bond market. There’s real cause for concern. The junk bond market has seized up several times in the past few years, undergoing sharp, sudden swings due to periodic lacks of liquidity. As the Federal Reserve’s long-anticipated December rate hike began to...
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