From Newsmax:

U.S. high-yield bonds could post investment returns in the high single digits to the low double digits this year after their record 58 percent return in 2009, Pimco, the world's biggest bond fund, said in a new report.

With yields still attractive and the risk of a financial system collapse largely in the past, "we believe investors can capture attractive yields and excess spread in the high-yield market with relatively low default risk," Andrew Jessop, high-yield portfolio manager at Pacific Investment Management Co, said in a note on the company's Web site.

High-yield bonds also look attractive compared with...

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