4/30/2010

Investors have bought nearly $100 billion in high-yield bonds this year, according to data compiled by Standard & Poor's and Bloomberg. The figure indicates investors are increasingly confident that the country is on the road to recovery, economists said. The rally in high-yield bonds demonstrates "a sense that the worst is over for the U.S. economy and that a self-sustaining recovery could materialize by the summer," said John Lonski, chief economist at Moody's Capital Markets Group.

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