Rally in high-yield bonds will continue, Morgan Stanley says

12/9/2010 | Bloomberg

Adam Richmond, a researcher at Morgan Stanley, wrote in a report that high-yield bonds could return 6% in 2011, extending gains for a third year. The prediction depends on an increase of 0.75 percentage point for interest rates on risk-free assets. If interest rates remain steady, high-yield bonds might return 9.5%, according to Morgan Stanley.

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