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Junk Bonds Will Beat High-Grade Bonds In 2015 – Morningstar
FYI: Morningstar today peers into its corporate bond crystal ball and sees a better future ahead for high-grade bonds than their high-yield brethren in 2015. Morningstar says credit spreads show corporate bonds are fairly valued, but the recent tailwind from declining interest rates “was the main driver for corporate bond returns” but now that favorable condition “has likely run its course.” From Dave Sekera, director of corporate bond strategy at Morningstar. Regards, Ted http://blogs.barrons.com/incomeinvesting/2014/12/29/junk-bonds-will-beat-high-grade-bonds-in-2015-morningstar/tab/print/
