High-yield bond investors search for opportunities

08/2/2011 | Wall Street Journal, The

Some companies whose credit ratings were lowered during the financial crisis are on the verge of an upgrade, prompting speculative-grade investors to look for opportunities. "Investors find the gap between double-B [high yield] and triple-B [investment grade] at attractive levels as it has widened over the course of the summer," said Brad Rogoff, head of U.S. credit strategy at Barclays Capital.

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