Hints and tips:
...“It’s not uncommon to see companies pay hundreds of millions of dollars in fines for non-compliance,” Barnes & Thornburg’s Yu said....
...“It is such an incredible market for the issuers,” said Eve Lando, a portfolio manager at Thornburg Investment Management. “Interest rates are so low and the demand is so high.”...
...“Earnings reports will come in in a few weeks with a giant splat, and bankruptcies are piling up,” said Jason Brady, the president of asset manager Thornburg Investment Management....
...Christian Hoffmann, a portfolio manager with Thornburg in Santa Fe, New Mexico, said investors were still “very negative” on highly leveraged energy companies....
...Christian Hoffmann, a portfolio manager with Thornburg Investment Management, said the group of sub-investment-grade companies had so far won the backing of bond investors because of their sky-high equity...
...“For the broader part of this decade, credit markets have been open for business,” said Christian Hoffmann, a portfolio manager with Thornburg Investment Management....
...And a number of mutual fund managers, including Thornburg, BlackRock, and Invesco, then started buying issues that were yielding more than 8 per cent....
...Financial stocks sold off sharply, spooked early in the day by comments from Eric Rosengren, Boston Federal Reserve president....
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