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Junk bond bulls see prosperous road ahead
Pimco, Goldman say the rout is overdone; UBS strategist says sector selection is particularly challenging
Add BT as a preferred sourcePublished Fri, Dec 4, 2015 · 09:50 PM
New York
JUNK bonds are poised for their first annual loss since 2008, and the list of companies headed for trouble is swelling. Yet to Mark Kiesel, who helps run one of the world's biggest debt funds, the bonds haven't been this attractive in a long time.
"Credit hasn't looked this good in six years, and high-yield looks especially attractive," said Mr Kiesel, the chief investment officer for global credit at Pacific Investment Management Co.
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