Bond risks exist beyond debt ceiling, experts say

01/18/2013 | Wall Street Journal, The

Some money managers say moving to longer-term bonds to protect against debt-ceiling risks isn't the way to go. "Given their low relative yields, intermediate- to longer-term bonds are priced too expensively for our tastes," said John Sajdak, head of fixed income at MainStreet Advisors. Money managers are concerned that once the debt ceiling is behind us, "then people are going to really start focusing on whether they want to pay relatively high prices for bonds in exchange for safety," said Michael Jones, RiverFront Investment Group's chief investment officer.

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