Fund managers expect high-yield bond rally to lose momentum

01/6/2013 | Wall Street Journal, The

In the first three trading days of 2013 alone, high-yield bonds gave a return of three-quarters of a percent, but fund managers believe the rally is nearing an end. Many investors say that with the average price of high-yield corporate debt at 105 cents on the dollar, there is little room for further gains.

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Wall Street Journal, The

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