Returns on high-yield bonds could hit double digits, Pimco says

02/25/2010 | CNBC

A report from Pacific Investment Management forecasts that high-yield bonds, which posted record returns last year, could experience double-digit returns in 2010. The company thinks "investors can capture attractive yields and excess spread in the high-yield market with relatively low default risk," Andrew Jessop, high-yield portfolio manager at Pimco, wrote in a note.

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