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Sunday, February 12, 2012

Is High Yield Cheap?

"[T]here is a nominal yield for high yield bonds which reflects the risk. It doesn’t matter where Treasury yields are, high yield bonds don’t care. As a result, when people in the media, or writing blogs those argue that high yield is cheap because yield spreads are wide, it is time to disregard then when Treasury yields are artificially low"

Posted by CP at 12:39 AM

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