In the Margins
Junk bonds look ready to post their first annual loss in seven years, but there is a growing group of money managers and Wall Street analysts who maintain that turmoil in the junk bond market will yield the same optimism that has buoyed the stock market in the past two months. Mark Kiesel, CIO for global credit at PIMCO, and Lofti Karoui, credit strategist at Goldman Sachs, are among them. Read the original story from Bloomberg.
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