BAML: High Yield Bonds Benefit As Foreign Investors Stuck In TINAMark Melin
With US interest rates set to rise – Fed Chair Janet Yellen was almost demonstrative in saying December will see a slight increase and other analysts predicting multiple hikes in 2017 – will it impact the high yield investing market? No, says a November 14 report from Bank of America Merrill Lynch. Unlike the “Taper Tantrum,” the high yield bond market won’t get scared. One reason: international investors have few other choices - known by some as TINA for (there is no alternative).
It will take . . .
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