Quote:
Originally Posted by MoneyGuy
I haven't contributed to this thread for a long time but thought I'd poke my head in and alert you guys to the terrific opportunity right now in high-yield bonds. When HY spreads are over 1,000 bps the returns on these bonds tend to be extraordinary and over the last three times these spreads existing HY bonds have substantially ourperformed equities. Actually, high-yield bonds are almost equities anyway. If anyone wishes, I could provide an elaboration on this as I have lots of research on this topic.
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I'd like more info on this, whether by PM or in the thread. How do you buy them, what types/kinds are there, any specific recommendations?