GE Asset Management, following "very, very aggressive run-ups" in credit markets, is unloading...

|By:, SA News Editor

GE Asset Management, following "very, very aggressive run-ups" in credit markets, is unloading its CMBS, junk bonds, and emerging market debt in favor of longer term Treasuries. CIO Paul Colonna sees not a recession, but an economic slowdown enough to "impact asset prices."