Buying the dip in corporate bonds?
Seeking Alpha
Published Nov 20, 2017 11:31AM ET
Buying the dip in corporate bonds?
- "You're still at levels where it's hard to see value," says Pimco CIO Andrew Balls, unimpressed with the very minor correction in high-yield bonds.
- The selloff did add about 40 basis points to high-yield spreads, putting them closer to the bank's fair value of 450 basis points, says UBS.
- Federated Investment's Gene Neavin says the correction was credit-specific, with healthcare company debt faring the worst. He's looking for bargains there.
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