Institutional Investor | Investors Tepid on Junk Bonds

By August 31, 2011In The News

Low interest and default rates made high-yield bonds attractive to nonprofit investors after the financial crisis peaked in 2008, but the current prognosis for these investments is considerably bleaker. The past month has been a roller coaster ride for investors following Standard & Poor’s decision to downgrade U.S. Treasuries, creating uncertainty for high yield. FEMM contributing Reporter Joe D’Allegro recently spoke with Mark Okada, co-founder and Chief Investment Officer of Highland Capital Management….

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