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Pimco: Buy high-yield bonds
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Tuesday, March 09, 2010
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From Newsmax:

Money management titan Pimco is dipping into the junk bond sector, seeking higher yields in an environment of historically low interest rates.

“We believe 2010 is going to herald a return to an environment in which returns will be dominated by coupon income,” Pimco portfolio manager Andrew Jessop, said in a commentary on the firm’s Web site.

Junk bond yields averaged about...

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Topics: Pimco | Bonds | Income Investing
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