Pimco's Kiesel: Corporate bonds likely to outperform Treasuries

12/29/2009 | Wall Street Journal, The

Mark Kiesel, head of corporate-bond investment at Pacific Investment Management Co., said corporate bonds, particularly specific financial-sector bonds, likely will top Treasuries in 2010. After falling in late 2008, corporate bonds have rallied this year. However, Kiesel cautioned that risks remain.

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