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Related Link: Jefferies Lowers Oil & Gas Price Forecasts
The high-yield market’s track record in predicting recessions is far from perfect, and Fridson notes that the current market may be overstating the risk. “In that case, one might infer that high-yield bonds offer good value currently,” he notes.
The iShares iBoxx $ High Yid Corp Bond (ETF) HYG is down 1.2 percent so far in 2016.
Disclosure: the author holds no position in the stocks mentioned.
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