Wednesday, February 24, 2010

Pimco Buys High-Yield Bonds in Credit Rating ‘Barbell’ Strategy

http://www.bloomberg.com/apps/news?pid=20601087&sid=aMcIbQ0_TjIk&pos=5

Global high-yield bonds returned an average 61 percent last year compared to 16 percent for investment-grade notes with ratings of Baa3 or higher at Moody’s Investors Service or BBB- and higher at Standard & Poor’s, Bank of America Merrill Lynch indexes show.

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