New York
THE demand for yield is forcing money managers to pile into debt offerings even when they sense that prices might not be so attractive, said Mark Luschini, the chief investment officer of Janney Capital Management.
"The insatiable chase for yield continues, and bond funds, by virtual mandate, have to be buying credit somewhere," Mr Luschini said on Wednesday in an interview on Bloomberg Television. "In consequence, you have sort of a natural buyer for it, even if they have to hold their nose...
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