Investors push the bond market into riskier territory

09/19/2010 | Wall Street Journal, The

Prices on high-yield bonds have reached their highest level in a few years as investors seek bigger yields and steady returns, despite some warning signs. The case for a bull market for high-yield bonds is based on fewer corporate defaults and a belief that the trend will continue as long as the economy doesn't slip back into recession, according to this article. The bond boom has helped the economy because it has allowed major corporations and the government to borrow inexpensively.

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