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Concerned about low yields/high prices, Pimco's Mark Kiesel began slashing exposure to the...

Concerned about low yields/high prices, Pimco's Mark Kiesel began slashing exposure to the white-hot junk bond market several weeks ago. With the cash, he's finding value in paper poised to benefit from a housing recovery such as the debt of building material suppliers and MBS (which also might benefit from QE3)
Comments (1)
  • Blackrock also commenting negatively on HYs, which are technically overbought...take some money off the table...but don't redeploy into MBS!
    21 Aug 2012, 03:12 PM Reply Like
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