Financial Times – 4/8/14

April 08, 2014  |   Financial Times,In the News   |     |   0 Comment

“We are at a very late stage in the high-yield rally,” says Michael Kastner, principal at Halyard Asset Management. “But people chasing yields look at how well these bonds did in the last couple of years and assume they can replicate that.”

Junk bond investors dig deep for value