Saturday, December 12, 2015

Reposting an N&O Column on High Yield

Stress is building up in the high yield portion of the bond market.  Third Avenue Focused Credit, a mutual fund, is shutting down as a result of declining prices and investor redemption.  About nine months ago i published a column in the N&O explaining the risks.

http://www.newsobserver.com/news/business/article12698648.html

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