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Fuss (Loomis Sayles) Takes High Yield % To Lowest Ever

scott
edited February 2013 in Fund Discussions
HYG, JNK 8:25 AM Dan Fuss - a bond king even if that title is usually reserved for someone else - takes junk bond (HYG, JNK) exposure in his Loomis Sayles Bond Fund down to 24% of AUM, its lowest level ever. "The 'don't fight the Fed' mentality ... will have to reconcile at some point with the macroeconomic reality that there's more risk in the world than the market is choosing to acknowledge," says DoubleLine's Bonnie Baha, nodding in agreement with Fuss. [Financials] Comment!
http://seekingalpha.com/currents/all

Comments

  • Hiyield007Hiyield007
    Most so-called junk bond experts seem to believe junk bonds aren't just overpriced but insanely overpriced. This small time trader/investor agrees. While the S&P and Dow have yet to take out their 2007/08 highs, junk bonds are some 60% above their 07/08 highs. The question going forward is just how much will a rising stock market continue to support junk bonds.
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